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Downtown Leesburg Office Building

206 N 3RD ST St, Leesburg, FL 34748

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For Sale

$1,200,000

Versatile office building in downtown Leesburg, Florida for sale.

Type:Commercial/Industrial

Property size:

6,939 SF

Lot size:

0.28 Acres

Price / SF:

$172/SF

HighLights

Prime downtown Leesburg, FL location in a growing market.
Approximately 7,000 sq ft well‑maintained office building.
Over 20 private offices suitable for various business setups.
Dedicated parking lot with over 20 spaces.
Large conference room and spacious break room.
Multiple rear access points for easy entry and exit.

We can help!

Listing Contact

Greg Nacke

For Sale

$1,200,000

Versatile office building in downtown Leesburg, Florida for sale.

Type:Commercial/Industrial

Property size:

6,939 SF

Lot size:

0.28 Acres

Price / SF:

$172/SF

Added:: Mar 12, 2026
Days on Market:: 90
Last Refresh:: Apr 6 at 3:15 am

Property Features for 206 N 3RD ST St

General Information

Standard status: Active
Size: 6,939 SF
Lot size: 0.28 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1959

We can help!

Listing Contact

Greg Nacke

Listing agent Greg Nacke License #3358794

Listing office EXP REALTY LLC

Listing date Mar 12, 2026

Source Exitrealty

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 EXP REALTY LLC

HighLights

Prime downtown Leesburg, FL location in a growing market.
Approximately 7,000 sq ft well‑maintained office building.
Over 20 private offices suitable for various business setups.
Dedicated parking lot with over 20 spaces.
Large conference room and spacious break room.
Multiple rear access points for easy entry and exit.

Overview

Located in downtown Leesburg, Florida, this office building offers an investment opportunity. The well-maintained property spans approximately 7,000 square feet and features over 20 private offices, suitable for various business setups. The layout includes a large conference room, a spacious break room, a secretarial pool area, and a computer mechanics room, along with file and storage rooms. The property is equipped with four bathrooms and two rear access points. A dedicated parking lot provides over 20 spaces. The property is ready to support a range of professional uses, benefiting from a prime downtown location in Central Florida. Leesburg has experienced growth with nearby Beacon College, the UF Hospital, and annual festivals. This property is suited for businesses seeking expansion or investors looking for a strategic portfolio addition.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$166.5k	$24.00
− Vacancy	−$28.3k	−$4.08
EGI	$138.2k	$19.92
− OpEx	−$34.6k	−$4.98
NOI	$103.7k	$14.94

6,939 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.48M

$1.30M – $1.73M (±1% cap)

NOI $103,669 @ 7.0% cap · market cap 8.64%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.97M

$1.73M – $2.30M (±1% cap)

NOI $138,225 @ 7.0% cap · market cap 11.52%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Szuts Sue Ann ... Accounting Firm Wetz & Associates, PA: ... Accounting Firm Hunt Jr Robert ... Accounting Firm Stormant Christi CPA Accounting Firm Hostetler Jennilee J ... Accounting Firm

Suggested Use

Location Insight

Map
Local Demand

City: Leesburg
County: Lake
State: Florida
Longitude: -81.8763
Latitude: 28.8119

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For sale
Office buildings
FL
Leesburg
34748
206 N 3RD ST St

What type of property is this?

Office building - Versatile office building in downtown Leesburg, Florida for sale.

Where is this office building located?

The property is located at 206 N 3RD ST St Leesburg, FL.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: Prime downtown Leesburg, FL location in a growing market.; Approximately 7,000 sq ft well‑maintained office building.; Over 20 private offices suitable for various business setups.