1029 W MAGNOLIA STREET, Leesburg, FL 34748

• 2,968 sqft

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, a Storage room in front of a very large safe, an oversized conference room, 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 Status:

Active

Date Added:

November 18, 2025 at 06:00AM

Listing Office:

REALTEAM REALTY INC. : 352-394-1144

Listing Agent:

Trish Leisner : 352-394-1144

MLS ID:

G5104665

Interior

• Flooring: Carpet
• A/C: Central AirMini-Split Unit(s)
• Heating: Central

Exterior

• Parking: Parking Spaces - 13 to 18

Construction

• Roofing: Metal
• General: BlockStoneStuccoSlab

Location

• Road/Access: City Street
• Originating MLS: Stellar MLS
• County: Lake

Lot

• Zoning: C-2LEESBURG E 1/2 OF LOT 1 BLK 31--LESS R/W OF MAGNOLIA ST--PB 2 PG 19 ORB 3922 PG 188226-19-24-3900-031-00101

Utilities

• Utilities: Public
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Stellar MLS
• Ownership: Other

This listing courtesy of Trish Leisner, REALTEAM REALTY INC.