Retail Building on Corner
2501 SOUTH Street Leesburg, FL 34748
For Sale
$649,900
SINGLE_FAMILY - LEESBURG, FL
Property Size2,501 SF
Lot Size0.92 Acres
Price / SF$259.86
Days on Market93
Property Features for 2501 SOUTH Street
General Information
- Property type
- Residential
- Property subtype
- Retail
- Zoning
- R-3
- Standard status
- Active
- APN
- 28-19-24-0004-000-07600
- Size
- 2,501 SF
- Lot size
- 0.92 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- N 190 FT OF E 3/4 OF SE 1/4 OF SE 1/4--LESS N 40 FT & LESS E 165 FT & LESS W 520 FT & LESS RD R/W-- ORB 1407 PG 569
- Tax Annual Amount
- 4035
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1983
- Building materials
- Brick
Listing Agency:
CARLINO REAL ESTATE GROUP INC
(352) 326-2662
Listed By:
Jonathan Martin · License #SL3402836
(407) 443-5491
Added: Apr 23
Changed: Jul 20
Last Checked: Jul 24 at 1:06PM
MLS# G5111329
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
A highly visible corner lot offers approximately 274 feet of road frontage along South St, with easy accessibility from traffic traveling both directions. The property includes a 2,501+/- SF building and plenty of paved parking. The site’s lot size also supports potential for future construction of an additional building.
According to the FDOT website, this section of South St sees an annual average daily traffic count of 18,500 trips. Zoning is listed as R-3. The property is located minutes from The Villages and just down the street from the new Ring Power facility, with Leesburg schools and several churches nearby. I-75 and the FL Turnpike are also easily accessible from this location.
According to the FDOT website, this section of South St sees an annual average daily traffic count of 18,500 trips. Zoning is listed as R-3. The property is located minutes from The Villages and just down the street from the new Ring Power facility, with Leesburg schools and several churches nearby. I-75 and the FL Turnpike are also easily accessible from this location.
Key Highlights
- Highly visible 1+/- acre corner lot with 274 feet of road frontage on South St.
- High traffic count: 18,500 annual average daily trips on South St.
- 2,501+/- SF brick building with ample paved parking.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.0k | $18.00 |
| − Vacancy | −$2.7k | −$1.10 |
| EGI | $42.3k | $16.90 |
| − OpEx | −$12.7k | −$5.07 |
| NOI | $29.6k | $11.83 |
2,501 SF · lease $18.00/SF/yr · vacancy 6.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$422.7K
$369.9K – $493.2K
NOI $29,590 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$711.7K
$622.8K – $830.3K
NOI $49,820 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Food Mart
Discount Store
FAQs
What type of property is this?
Retail space - Corner property includes a 2,501 SF building with paved parking and substantial frontage along South St.
Where is this retail space located?
The property is located at 2501 SOUTH Street Leesburg, FL.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Highly visible 1+/- acre corner lot with 274 feet of road frontage on South St.; High traffic count: 18,500 annual average daily trips on South St.; 2,501+/- SF brick building with ample paved parking.
