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1029 W MAGNOLIA STREET

Commercial For Sale
$599,000

BTC: 19.96666667

ETH: 299.50000000

15 days
0 room(s)
2,968 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

Excellent Professional Office Building in Downtown Leesburg. 1/3 an acre, perfect location on a corner lot with 2 sides for parking. This building has multiple (4) very large offices, a Storage room in front of a very large safe, an oversized conference room, 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 • For Sale

Facts and features

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
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

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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 ©2025-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.