Flex Space with Roll-Up
New
For Sale
$699,900
113 N 7TH Street, Leesburg, FL 34748
Commercial Sale, LEESBURG, FL
Property Size7,000 SF
Lot Size0.17 Acres
Price / SF$100
Days on Market3
Property Features for 113 N 7TH Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CBD
Subdivision
LEESBURG CITRUS PARK
Directions
HWY 27, TURN EAST ONTO W MAIN ST, N 7TH ST ON LEFT
Standard status
Active
APN
26-19-24-0600-00B-00100
Size
6,930 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LEESBURG CITRUS PARK LOT 1 BLK B N 1/2 OF ALLEY LYING BETWEEN E 1/2 OF LOT 1 BLK B & LOTS 1 & 2 BLK A PB 2 PG 21 ORB 5860 PG 490
Tax Annual Amount
5570
Legal Description
LEESBURG CITRUS PARK LOT 1 BLK B N 1/2 OF ALLEY LYING BETWEEN E 1/2 OF LOT 1 BLK B & LOTS 1 & 2 BLK A PB 2 PG 21 ORB 5860 PG 490
Utilities
Cooling system
Central Air
Amenities
9-foot roll-up door
double glass entry doors
abundant window space
two single-door entrances
Building Details
Year built
1926
Building materials
Block, Brick
Listing Agency:
WHEATLEY REALTY GROUP
(352) 227-3834
Listed By:
Alison Wheatley
(352) 396-1653
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 23 at 1:06PM
MLS# G5119298
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.
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Investment Insights
Based on property information with market context.
This 6,930-square-foot flex space in a 1926 block-and-brick building is offered as an open shell. Approximately two-thirds of the floor is concrete, with the balance unfinished. Electrical service is in place, and plumbing has been started for a potential bathroom. The building has received a new roof and underpinning; it does not currently have air conditioning. The parcel measures 0.17 acres and is zoned CBD.
Access is provided from both N 7th Street and Orange Avenue. The Orange Avenue side includes a 9-foot roll-up door, double glass entry doors, and windows. Two single-door entrances and additional window area face N 7th Street.
Access is provided from both N 7th Street and Orange Avenue. The Orange Avenue side includes a 9-foot roll-up door, double glass entry doors, and windows. Two single-door entrances and additional window area face N 7th Street.
Key Highlights
- 6,930‑square‑foot flex space on a 0.17‑acre parcel
- CBD zoning
- 9‑foot roll‑up door on Orange Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,713
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$774,260
$774.3K
Cap Rate 7%
$553,043
$553.0K
Cap Rate 9%
$430,144
$430.1K
Market Conditions
NOI Build-Up for 6,930 SF
Gross rent
$60.7K $8.76/SF
− Vacancy
−$5.4K −$0.78/SF
EGI
$55.3K $7.98/SF
− OpEx
−$16.6K −$2.39/SF
NOI
$38.7K $5.59/SF
Area
Lake County, FL
Vacancy
8.90%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$774,260
Cap Rate 7%
$553,043
Cap Rate 9%
$430,144
Alternative Uses
Best Use
Retail
$1.17M
$1.02M – $1.37M
NOI $81,992 @ 7.0% cap · market cap 11.71%
Second Best
Industrial
$553.0K
$483.9K – $645.2K
NOI $38,713 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$1.97M
$1.73M – $2.30M
NOI $138,046 @ 7.0% cap · market cap 19.72%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,740
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 34748, FL
45,481
Population
25,740
Households
1.8
Avg Household Size
60
Median Age
24%
College-Educated
90%
High-School Grad
39.4 sq mi
ZIP Area
1,154
Density / Sq Mi
$53,768
Median Household Income
$30,762
Median Earnings
$1,181
Median Rent
$226,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Debra Davis Catering — 1 Dozier Cir, Leesburg, FL 34748
- Debra Davis Catering — 509 E Main St, Leesburg, FL 34748
Frequently Asked Questions
What type of property is this?
Flex space - An unfinished commercial interior offers a roll-up entrance, existing electrical service, and room for a buyer-designed layout.
Where is this flex space located?
The property is located at 113 N 7TH Street Leesburg, FL.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 6,930‑square‑foot flex space on a 0.17‑acre parcel; CBD zoning; 9‑foot roll‑up door on Orange Avenue
