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1029 W MAGNOLIA STREET Leesburg, FL $ 599,000
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1029 W MAGNOLIA STREET
$ 599,000
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Share Save

1029 W MAGNOLIA STREET

Leesburg, FL, 34748
$ 599,000
Bedrooms-- Baths-- Sq 2,968

Monthly Estimate*

$ 3,737

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Commercial Property for sale in Leesburg, FL

for $599,000. This 2,968 square foot building was built in 1977 on a lot size of 0.35.

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 (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.

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Commercial Active

Price

$ 599,000

Property Type

Commercial

Taxes

$ 5,768

Style

Office

Lot Size

0.35

Year Built

1977

Town/City

Leesburg

County/Region

Lake

MLS | Web ID

G5104665
Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air Mini-Split Unit(s)
Utilities Public
Roof Metal
Zoning C-2
Construction Materials Block Stone Stucco
Year Built 1977
Property Subtype Office
Tax Year 2025
Ownership Other
County Lake
New Construction false
Property Type Commercial Sale
Subdivision Name LEESBURG
Building Features Bathrooms Kitchen Facility On Site Shower Reception
Status Active
Directions Downtown Leesburg to Magnolia Street. Building is on the south side on the corner of Euclid and Magnolia.
City LEESBURG
MLS Area 34748 - Leesburg
Lot Size Units Square Feet
Lot Size Square Feet 16929
Listing Terms Cash Conventional
Tax Annual Amount 5768.93
Additional Parcels Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/stellar/G5104665
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Tax Lot 1
Legal Description LEESBURG E 1/2 OF LOT 1 BLK 31--LESS R/W OF MAGNOLIA ST--PB 2 PG 19 ORB 3922 PG 1882
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
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Interior
Flooring Carpet
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Parking Features 13 to 18 Spaces
Lot Features Corner Lot
Water Source Public
Lot Size Area 16929
Foundation Details Slab
Number of Buildings 1
Building Area Total 2968
Lot Dimensions 152 x 106
Lot Size Acres 0.35
Road Surface Type Asphalt
Waterfront Y/N false
Road Frontage Type City Street
Number of Lots 1
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* Excluded Features
List By
Realteam Realty Inc.

Broker

maryleisner@gmail.com

Email

Affordability Calculator

$4,218
Per Month
89%
11%
0%
Monthly Principal & Interest
$3,737
Monthly Property Taxes
$481
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
12/19/2025$599,000 Listed Price

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1029 W MAGNOLIA STREET, Leesburg, FL, 34748 is a Commercial Property for sale at $599,000 with 2,968 sqft and a lot size of 0.35. 1029 W MAGNOLIA STREET was built in 1977. The property's zip code is 34748 which is in Leesburg, FL

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