logo
Properties
Explore our listings
Buy
Listings for sale
Rent
Listings for rent
Explore
Neighborhoods, buildings & trends
Neighborhoods
Check neighborhoods information
Buildings
Check buildings information
Pre-Construction
New developments on sale
Market Trends
Monthly market data & analysis
Resources
Blog, tools & guides
Blog
Articles & guides
Tax Calculator
Compare tax savings
Property Tax Calculator
Estimate your annual tax
Sell Your Home
Get a free home valuation
Contact
Tell us about your needs
Language
Change website language
English
Русский
Español
中文(简体)
Sign In
Sign in or register

1029 W MAGNOLIA STREET

Commercial Active With Contract
$599,000

BTC: 9.41823899

ETH: 314.82571585

214 days
0 room(s)
2,968 sqft

Overview

Under contract-accepting backup offers. Excellent Professional Office Building in Downtown Leesburg. 1/3 an acre, perfect location on a corner lot with 2 sides for parking. Current tenant in place, lease expires in a few months - building will be ready for an owner-occupant. (July 2026) This building has multiple (4) very large offices (one used to be a conference room), a Storage room in front of a very large safe, 3 restrooms, one of which has a shower. Kitchen/breakroom, nice reception office, and customer waiting room, plenty of storage, and closets. Currently has a tenant in place until the end of 2026. Great cash flow, CAP Rate 7.5. Modified Gross Lease. 17 parking spaces, and in 2011, the lot was repaved. Re-roof and Building Painted in 2020, Central AC Unit 2024 (7.5 Ton Rheem Split System), and a Mini Split located in the Computer Server Room. This is a very nice building that is very well taken care of. Great investment for an Owner-User or a nice investment. Located just down the street from all of the downtown activity. Local College, restaurants, and shops are within a few blocks away.

Location

Florida • LEESBURG • 34748 • Commercial • Active With Contract

Details

Type:
Commercial Sale
Parking:
13 to 18 Spaces
Year Built:
1977
Lot:
0.35 Acres
Heating:
Central
Price/sqft:
$202
Cooling:
Central Air / Mini-Split Unit(s)
HOA:
No Data

Highlights

Annual tax
$5,768
2025
All facts and features

  • Flooring

    • Carpet

    Heating

    • Central

    Cooling

    • Central Air

    • Mini-Split Unit(s)

  • Parking

    • 13 to 18 Spaces

    Lot

    • Lot: 0.35 Acres

    Other Property Information

    • Parcel Number: 261924390003100101

    • Zoning: C-2

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Office

  • Utility

    • Public

  • Other financial information

    • Annual tax amount: $5,769

  • Source details

    • MLS ID: G5104665

    Other facts

    • Construction Materials: Block / Stone / Stucco

    • Foundation Details: Slab

    • Lot Features: Corner Lot

    • Living Area: 2968

    • Water Source: Public

    • Lot Size Dimensions: 152 x 106

    • Subdivision Name: LEESBURG

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

More like this

Active With Contract
$479,000
House
4 bds · 2 ba · 2,134 sqft
JOHNSONS MARY K & T S, LEESBURG
6820 TUSCAWILLA DRIVE
Active With Contract
$500,000
Multi-family
8 bds · 4,356 sqft
LEESBURG VILLAGE SQUARE LEESBURG CONDO, LEESBURG
643 W OAK TERRACE DRIVE UNIT B1,B2,B3,B4
-$26K
Active With Contract
$449,000
House
4 bds · 3 ba · 2,058 sqft
LEESBURG WATERS EDGE SUB, LEESBURG
321 WATERSHORE DRIVE
Active With Contract
$599,000
Lots/Land
2.81 acres
PALM PLAZA, LEESBURG
729 N 14TH STREET

Market around this address

Live counts in the same area.
View all
This zip
34748
546
median $297K
Active
Same city
LEESBURG
700
median $298K
Active
Same type
Commercial
30
median $837K
Active
Similar price
$419K – $778K
84
median $479K
Active

The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: REALTEAM REALTY INC.