Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1029 W Magnolia St Leesburg, FL 34748

    For Sale
    $599,000

    Office - LEESBURG, FL

    Type:Office
    Property size:
    2,968 SF
    Lot size:
    0.35 Acres
    Days on Market:
    16
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 1029 W Magnolia St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Zoning
    C-2
    APN
    26-19-24-3900-031-00101
    Exterior features
    Corner Lot
    Size
    2,968 SF
    Lot size
    0.35 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air, Ductless, Multi Units

    Building Details

    Year built
    1977
    Flooring type
    Carpet
    Building materials
    Block, Stone, Stucco
    Roof type
    Metal
    Architectural style
    Other

    RealTeam Realty Inc (352) 267-6216 [email protected]

    Listing agent Trish Leisner (352) 267-6216 License #3185853

    Listing date Nov 20, 2025

    MLS# G5104665 Listing URL

    Copyright © 2025 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Leesburg Professional Office Building

    This professional office building is located in downtown Leesburg on a corner lot offering parking on two sides. The building contains multiple (4) large offices, a storage room in front of a large safe, an oversized conference room, and three restrooms, one of which includes a shower. It also features a kitchen/breakroom, a reception office, a customer waiting room, and ample storage and closets. There are 17 parking spaces. The lot was repaved in 2011, and the building was re-roofed and painted in 2020. A new central AC unit (7.5 Ton Rheem Split System) was installed in 2024, along with a mini-split in the computer server room. The property is currently leased to a tenant until the end of 2026, offering a 7.5 CAP Rate under a modified gross lease. The property is located near downtown activity, with a local college, restaurants, and shops within a few blocks. The building size is 2968 square feet and the lot size is 0.35 acres. The property is zoned C-2.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wells Fargo Advisors Investment Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Leesburg
    County
    Lake
    State
    Florida
    Longitude
    -81.881641
    Latitude
    28.810152

    Nearby Similar for Sale

    • $1,295,000
      7,339 SF

      Leesburg Island Multifamily Investment

      Unique island property with diverse income potential near Harris Chain.
      11325 Ocklawaha Dr, Leesburg, FL 34788
      View Details
    • $6,500,000
      Pending

      Leesburg Multifamily Investment Opportunity

      48-unit apartment complex near downtown Leesburg, fully leased by college.
      600 W Oak Terrace Dr, Leesburg, FL 34748
      View Details
    • $2,600,000
      Pending

      Leesburg Mobile Home/RV Park

      41-unit mobile home and RV park in Leesburg, Florida.
      28313 Us Highway 27, Leesburg, FL 34748
      View Details
    • $850,000
      Pending

      Leesburg Multifamily Investment Opportunity

      Well-maintained 8-unit property in Leesburg's historic downtown area.
      1105-1111 Johnson St, Leesburg, FL 34748
      View Details
    • $459,900
      3,382 SF

      Income-Generating Leesburg Multifamily Property

      Fully occupied 6-plex near downtown Leesburg with income potential.
      1120 Webster St, Leesburg, FL 34748
      View Details
    • $525,000
      2,622 SF

      New Leesburg Duplex Under Construction

      New income-producing duplex near schools with modern features and durable construction.
      2108 & 2110 St SOUTH, Leesburg, FL 34748
      View Details

    FAQs

    What type of property is this?
    Office building - Well-maintained office building in downtown Leesburg with tenant in place.
    Where is this office building located?
    The property is located at 1029 W Magnolia St Leesburg, FL.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - Excellent cash flow with a 7.5 CAP Rate and tenant in place until the end of 2026.; - Prime downtown Leesburg location on a corner lot, close to local college, restaurants, and shops.; - 17 parking spaces and recent upgrades: Re-roof and building painted in 2020, Central AC Unit replaced in 2024, and lot repaved in 2011.
    (352) 267-6216
    Request Owner's contact information
    1029 W Magnolia St Leesburg, FL 34748
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1029 W Magnolia St
    Leesburg, FL 34748
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1029 W Magnolia St Leesburg, FL 34748
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.