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1029 W Magnolia Street, Leesburg, FL 34748

$599,000

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SQUARE FEET2,968 MLS#G5104665

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1029 W Magnolia Street, Leesburg, FL 34748

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Property Description

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.

1029 W Magnolia Street | MLS# G5104665

This commercial property located at 1029 W Magnolia Street, Leesburg, FL 34748 is currently listed for sale with an asking price of $599,000. Search Leesburg real estate on www.watsonrealtycorp.com today.

Property Features

Property Type: Commercial - Office

Cooling: Central Air, Mini-Split Unit(s)

Heating: Central

Lot Size: 0.35 Acres

Roof Type: Metal

Stories: 1.0

Taxes: $5,768

Year Built: 1977

Square Feet: 2,968

Feature Descriptions

Building: Bathrooms, Kitchen Facility, On Site Shower, Reception

Days on Site: 104

Directions: Downtown Leesburg to Magnolia Street. Building is on the south side on the corner of Euclid and Magnolia.

Exterior: Block, Stone, Stucco

Flood Zone Code: X

Flooring: Carpet

Foundation: Slab

Home Warranty Y/N: No

Listing Terms: Cash, Conventional

Lot: Corner Lot

Lot Dimensions: 0.35

Number of Restrooms: 3

Ownership: Other

Parking: Parking Spaces - 13 to 18

Parking Notes: Parking Spaces - 13 to 18

Property Attached Y/N: No

Property Sub-Type: Office

Sewer: Public Sewer

Showing Instructions: Appointment Only

Special Sale Provisions: None

Utilities: Public

Water: Public

Water Access Y/N: No

Zoning: C-2

Listed By / Shown By

Listed By

Agency Name: REALTEAM REALTY INC.
Agency Contact: 352-394-1144

Shown By

Agency Title: Watson Realty Corp., REALTORS ®
Agency Phone: (866) 243-8193

1029 W Magnolia Street, Leesburg, FL 34748

$599,000

SAVE TOUR PROPERTY

Watson Realty Corp.
7821 Deercreek Club Road
Jacksonville, FL 32256
(800) 257-5143
customer@watsonrealtycorp.com

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1029 W Magnolia Street, Leesburg, FL 34748

Property Description

1029 W Magnolia Street | MLS# G5104665

Property Features

Feature Descriptions

Listed By / Shown By

1029 W Magnolia Street, Leesburg, FL 34748

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