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Professional Office Building For Sale
For Sale
$2,900,000

1904 THOMAS Ave, Leesburg, FL 34748

First-class professional office building with established income and value-add opportunity.

Property Size19,278 SF
Lot Size2.74 Acres
Price / SF$150.43
Days on Market164

Property Features for 1904 THOMAS Ave

General Information

Standard status Active
Size 19,278 SF
Lot size 2.74 Acres
Property subtype Commercial

Building Details

Year Built 2009
Listing Agency: MORRIS REALTY AND INVESTMENTS
Listed By: Scott Strem · License #FLORIDABK3106245
Source: Elliman
Added: Mar 11 Changed: Jul 6 Last Checked: Aug 21 at 1:00PM

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 MORRIS REALTY AND INVESTMENTS

Investment Insights

Based on property information with market context.

This professional office building offers 19,278 square feet of space. The building features established income with two of the three units tenant-occupied under NNN leases. A value-add opportunity exists with a 3,000 square foot mezzanine that could be finished and leased for additional income. Upgrades include new A/C units for units 2 and 3, high-speed data lines, LED lighting, a PA system with white noise, and security/fire alarms. The building is fully sprinkled. Unit 1, approximately 5,300 square feet, features a lobby with floor-to-ceiling glass. This space is suitable for a customer service or call center, healthcare services, institutional, school, church, or corporate office/headquarters. Unit 1 includes a kitchen/breakroom area and large rooms for classrooms, conference rooms, or private offices. The property has over 90 parking spaces and easy access along the main road. Located in Central Florida, it is less than an hour from Orlando or Ocala and minutes from The Villages, I-75, FL Turnpike, and US Highways 441 and 27. The location is near the future expansion of The Villages along SR 44 and across the street from over 500 new residential units under construction. Leesburg has a population of 23,297 residents and is located about 45 miles northwest of Orlando and 80 miles northeast of Tampa. The municipality includes 38 square miles and serves utilities to more than 50 square miles in north Lake County. The Leesburg business area attracts more than 50,000 people to work each weekday.

Key Highlights

  • Established income from tenant‑occupied units with strong tenants and NNN leases.
  • Value‑add opportunity with a 3,000 sq ft mezzanine for potential additional income.
  • Vacant 5,300 sq ft Unit 1 with impressive lobby and flexible space** suitable for various uses.

Property Analytics

Current Use

Trial AI Corporate Office SocialGainsAgency Association / Organization AMAC Action Association Or Organization

Suggested Use

Top Pick Law Firm Real Estate Agency (Bike/Boat/Book/etc) Store Plumbing Service Accounting Firm Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

439
Businesses Nearby

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

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office building - First-class professional office building with established income and value-add opportunity.
Where is this office building located?
The property is located at 1904 THOMAS Ave Leesburg, FL.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Established income from tenant‑occupied units with strong tenants and NNN leases.; Value‑add opportunity with a 3,000 sq ft mezzanine for potential additional income.; Vacant 5,300 sq ft Unit 1 with impressive lobby and flexible space** suitable for various uses.
More about this property
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