$599,000
Off-Market Date: 06/20/20261029 W Magnolia Street Leesburg, FL 34748
Pending MLS# G5104665
2,968 sq ft Commercial
Details for 1029 W Magnolia Street
MLS# G5104665
Description for 1029 W Magnolia Street, Leesburg, FL, 34748
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.
Listing Information
Property Type: Commercial, Office
Status: Pending
Lot Size: 0.35 Acres
Square Feet: 2,968 sq ft
Year Built: 1977
Stories: 1 Story
Construction: Block,Stone,Stucco
Subdivision: Leesburg
Foundation: Slab
County: Lake
Interior Features
Flooring: Carpet
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Municipal Utilities
Cooling: Central Air, Ductless
Heating: Central
Exterior / Lot Features
Parking Description: Parking Space(s)
Roof: Metal
Lot Dimensions: 152x106
Additional Exterior/Lot Features: Corner Lot
Driving Directions
Downtown Leesburg to Magnolia Street. Building is on the south side on the corner of Euclid and Magnolia.
Financial Considerations
Terms: Cash,Conventional
Tax/Property ID: 26-19-24-3900-031-00101
Tax Amount: 5768.93
Tax Year: 2025
A broker reciprocity listing courtesy: REALTEAM REALTY INC.
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Copyright 2026 Stellar MLS as distributed by the MLS GRID. All Rights Reserved.
Sales History & Tax Summary for 1029 W Magnolia Street
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 1029 W Magnolia Street
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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