Highway Frontage Commercial
1526 Us Highway 441, Leesburg, FL 34748
For Sale
$999,000
Commercial building with highway frontage on over half acre.
Property Size2,560 SF
Lot Size0.60 Acres
Price / SF$390.23
Days on Market250
Property Features for 1526 Us Highway 441
General Information
Standard status
Size
Lot size
Building Details
Year Built
Listing Agency:
GRIZZARD COMMERCIAL REALESTATE
Listed By:
Daniel Tatro · License #3190991
(352) 787-6966
Source:
Chenoregroup
Added: Mar 5
Changed: Oct 26
Last Checked: Oct 7 at 3:27PM
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 GRIZZARD COMMERCIAL REALESTATE
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property features a 2,560 square foot building situated on more than half an acre with approximately 150 feet of frontage on U.S. Highway 441. The average daily traffic count on this section of the highway is almost 37,000 vehicles. Zoned C-3 within the City of Leesburg, the location is suitable for a car lot, retail, office space, and various other commercial uses.
Key Highlights
- High‑traffic location: 150 +\/- feet of frontage on U.S. Hwy. 441 with approximately 37,000 average daily traffic.
- Zoned C‑3 within the City of Leesburg, allowing for a variety of potential uses.
- Substantial building size: 2,560 +\/- Sq. Ft.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,489
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$689,780
$689.8K
Cap Rate 7%
$492,700
$492.7K
Cap Rate 9%
$383,211
$383.2K
Market Conditions
NOI Build-Up for 2,560 SF
Gross rent
$56.2K $21.96/SF
− Vacancy
−$10.2K −$4.00/SF
EGI
$46.0K $17.96/SF
− OpEx
−$11.5K −$4.49/SF
NOI
$34.5K $13.47/SF
Area
Lake County, FL
Vacancy
18.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$689,780
Cap Rate 7%
$492,700
Cap Rate 9%
$383,211
Alternative Uses
Best Use
Office B
$492.7K
$431.1K – $574.8K
NOI $34,489 @ 7.0% cap · market cap 3.45%
Second Best
Retail
$432.7K
$378.6K – $504.8K
NOI $30,288 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$825.5K
$722.3K – $963.1K
NOI $57,784 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
289
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
$226,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Commercial land in Leesburg, FL
Properties on Market for Commercial land in Leesburg
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Commercial land - Commercial building with highway frontage on over half acre.
Where is this commercial land located?
The property is located at 1526 Us Highway 441 Leesburg, FL.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: High‑traffic location: 150 +\/- feet of frontage on U.S. Hwy. 441 with approximately 37,000 average daily traffic.; Zoned C‑3 within the City of Leesburg, allowing for a variety of potential uses.; Substantial building size: 2,560 +\/- Sq. Ft.
