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1029 W Magnolia Street

Leesburg, FL 34748
  • $599,000
  • STATUS: Active
  • ON SITE: 55 Days
  • MLS #: G5104665
UPDATED: 9 min ago
$599,000
  • 0
    BEDS
  • 0.35
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,968
    SQFT
  • $202
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1977
County:
Area:

School Ratings & Info

Description

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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© 2026 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2026-01-13T10:45:09.06.
www.clearwaterbeachhomesforsale.com/homes/170083795
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1029 W Magnolia Street Leesburg, FL 34748

  • Price: $599,000
  • Status: Active
  • On Site: 55 Days
  • Updated: 9 min ago
  • MLS #: G5104665
0
Beds
0
Baths
0
½ Baths
0.35
Acres
2,968
SQFT
$202
$/SQFT
1977
Built
Neighborhood:
Leesburg
County:
Lake
Area:
Leesburg
Property Description
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.
Exterior Features

Adjoining Property Professional OfficeResidential Construction Materials BlockStoneStucco Foundation Details Slab Lot Features Corner Lot Lot Size Dimensions 152 x 106 Parking Features 13 to 18 Spaces Road Frontage Type City Street Road Surface Type Asphalt Roof Metal Water Access Yn No Water Extras Yn No Water View Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Building Area Total 2968 Cooling Central AirMini-Split Unit(s) Cooling YN Yes Flooring Carpet Heating Central Heating YN Yes Sewer Public Sewer Stories Total 1 Water Source Public

Property Features

Flood Zone Code X Listing Terms CashConventional New Construction Yn No Ownership Other Property Sub Type Office Special Listing Conditions None Tax Annual Amount 5768.93 Total Annual Fees 0 Total Monthly Fees 0 Utilities Public Zoning C-2


Listing information © 2026 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of REALTEAM REALTY INC.: 352-394-1144.



© 2026 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2026-01-13T10:45:09.06.
 
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Seminole FL, 33772