1029 W Magnolia Street Leesburg, FL 34748
Office
MLS #: G5104665
Courtesy Of RealTeam Realty Inc
Property InformationDescription
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.
Features
- Age: 41-50 Years Old
- Architecture Style: Other
- Cooling System: Multi Units
- Cooling System: Ductless
- Cooling System: Central Air
- Exterior Type: Stucco
- Exterior Type: Block
- Exterior Type: Stone
- Floor Covering: Carpet
- Heating System: Central
- 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
- MLSID: G5104665
- Roof Type: Metal
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