Highway Frontage Redevelopment
For Sale
$130,000
1314 N SHORE DRIVE, Leesburg, FL 34748
High-visibility commercial property near The Villages, zoned C-3.
Property Size1,008 SF
Lot Size0.44 Acres
Price / SF$128.97
Days on Market675
Property Features for 1314 N SHORE DRIVE
General Information
Standard status
Active
Size
1,008 SF
Lot size
0.44 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1950
Listing Agency:
ROBERT SLACK LLC
(407) 916-9438
Listed By:
Ali Acosta · License #3505079
(407) 916-9438
Source:
Exitrealty
Added: Sep 30, 2024
Changed: Jul 6
Last Checked: Aug 4 at 7:59AM
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 ROBERT SLACK LLC
Investment Insights
Based on property information with market context.
Located off HWY 441/27, this property offers high visibility and accessibility, situated minutes from The Villages. It presents a redevelopment opportunity with C-3 zoning. The surrounding area includes an accounting office, a daycare, and the Ramshackle Cafe. The existing structure, built in 1950, features three rooms, a main area, and one bathroom. The electrical system has been recently updated. The property, sold As-Is, is suitable for investors or businesses looking to renovate the existing space or construct a custom office or retail space. The property size is 1008 square feet.
Key Highlights
- Prime location with high visibility and accessibility off HWY 441/27.
- Excellent redevelopment opportunity with C‑3 zoning.
- Minutes from The Villages.
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 | $18.1k | $18.00 |
| − Vacancy | −$1.1k | −$1.10 |
| EGI | $17.0k | $16.90 |
| − OpEx | −$5.1k | −$5.07 |
| NOI | $11.9k | $11.83 |
1,008 SF · lease $18.00/SF/yr · vacancy 6.10% · expense 30.00%
Alternative Uses
Best Use
Office B
$215.1K
$188.3K – $251.0K
NOI $15,060 @ 7.0% cap · market cap 11.58%
Second Best
Retail
$170.4K
$149.1K – $198.8K
NOI $11,926 @ 7.0% cap · market cap 9.17%
Theoretical Best
Office A
$286.8K
$251.0K – $334.7K
NOI $20,079 @ 7.0% cap · market cap 15.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
545
Businesses Nearby
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - High-visibility commercial property near The Villages, zoned C-3.
Where is this commercial land located?
The property is located at 1314 N SHORE DRIVE Leesburg, FL.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Prime location with **high visibility and accessibility** off HWY 441/27.; Excellent redevelopment opportunity with C‑3 zoning.; Minutes from The Villages.
