1029 W MAGNOLIA St Leesburg, FL 34748
Well-maintained office building in downtown Leesburg with tenant in place.
Type:Commercial
Lot size:
0.35 Acres- Added:
- Mar 24, 2026
- Days on Market:
- 12
- Last Refresh:
- Mar 10 at 9:27 am
Property Features for 1029 W MAGNOLIA St
General Information
- Standard status
- Active
- Lot size
- 0.35 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1977
Listing agent Trish Leisner License #3185853
Listing office REALTEAM REALTY INC. (352) 267-6216
Listing date Mar 24, 2026
Source Elliman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of REALTEAM REALTY INC.
Overview
Downtown Leesburg Professional Office Building
This professional office building is located in downtown Leesburg on a corner lot. The building features multiple large offices, including one previously used as a conference room, a storage room in front of a large safe, and three restrooms, one of which includes a shower. A kitchen/breakroom, reception office, customer waiting room, and ample storage and closets are also present. There are 17 parking spaces available. The property is located near a local college, restaurants, and shops. The lot was repaved in 2011. The building was re-roofed and painted in 2020. A 7.5 Ton Rheem Split System central AC unit was installed in 2024, and a mini-split system is located in the computer server room. The building is currently occupied by a tenant with a lease expiring in July 2026, making it suitable for an owner-occupant. The current lease is a modified gross lease with a 7.5 CAP Rate. The property is suitable for either an owner-user or as an investment.
Location Intelligence
Current Use by Public Records
Wells Fargo Advisors
Financial Advisor
Location Insight
- Map
- Local Demand
- City
- Leesburg
- County
- Lake
- State
- Florida
- Longitude
- -81.8816827
- Latitude
- 28.8101607
Nearby Similar for Sale
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 downtown Leesburg location on a corner lot.; High CAP Rate of 7.5 with current tenant in place until July 2026.; Ready for owner‑occupant after lease expiration in July 2026.
