$599,000
1029 W Magnolia Street Leesburg, FL 34748
For Sale MLS# G5104665
2,968 sq ft Commercial
Details for 1029 W Magnolia Street
MLS# G5104665
Description for 1029 W Magnolia Street, Leesburg, FL, 34748
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.
Listing Information
Property Type: Commercial, Office
Status: Active
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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Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 1029 W Magnolia Street
Sales History
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Tax Summary
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Schools
Schools nearby 1029 W Magnolia Street
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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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