Leesburg Corner Property For
For Sale
$449,850
2405 South St, Leesburg, FL 34748
Corner property with frontage on SR 44 in Leesburg.
Property Size2,379 SF
Price / SF$189.09
Days on Market313
Property Features for 2405 South St
General Information
Standard status
Active
Size
2,379 SF
Building Details
Year Built
1951
Listing Agency:
ERA GRIZZARD REAL ESTATE
Listed By:
Craig Yox · License #512601
(352) 255-6002
Source:
Livewelltampabay
Added: Nov 27, 2025
Changed: Sep 23
Last Checked: Oct 5 at 8:08PM
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 ERA GRIZZARD REAL ESTATE
Investment Insights
Based on property information with market context.
This corner property features 145 feet of frontage on State Road 44 (South Street) in Leesburg. Zoned R2, the property is situated among commercial and residential areas. The main building offers 2379 square feet of heated and cooled space, including two bedrooms, two bathrooms, a full kitchen, multiple offices, a showroom, and a work area. Additionally, there is a 1925 square foot warehouse/workshop with two overhead doors. The property spans over half an acre and provides ample parking.
Key Highlights
- High‑traffic corner location with 145 ft frontage on SR 44 (South Street).
- Zoned R2, suitable for residential or commercial use.
- Main building: 2379 sq ft heated & cooled space, 2 bedrooms, 2 baths, full kitchen, offices, showroom, and work area.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,147
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$562,940
$562.9K
Cap Rate 7%
$402,100
$402.1K
Cap Rate 9%
$312,744
$312.7K
Market Conditions
NOI Build-Up for 2,379 SF
Gross rent
$42.8K $18.00/SF
− Vacancy
−$2.6K −$1.10/SF
EGI
$40.2K $16.90/SF
− OpEx
−$12.1K −$5.07/SF
NOI
$28.1K $11.83/SF
Area
Lake County, FL
Vacancy
6.10%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$562,940
Cap Rate 7%
$402,100
Cap Rate 9%
$312,744
Alternative Uses
Best Use
Retail
$402.1K
$351.8K – $469.1K
NOI $28,147 @ 7.0% cap · market cap 6.26%
Second Best
Warehouse
$230.5K
$201.7K – $269.0K
NOI $16,137 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$677.0K
$592.4K – $789.8K
NOI $47,390 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
Under-served
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Showroom - Corner property with frontage on SR 44 in Leesburg.
Where is this showroom located?
The property is located at 2405 South St Leesburg, FL.
What is the asking price?
The asking price for this property is $449,850.
What are key features of this property?
This property features: High‑traffic corner location with 145 ft frontage on SR 44 (South Street).; Zoned R2, suitable for residential or commercial use.; Main building: **2379 sq ft heated & cooled space, 2 bedrooms, 2 baths, full kitchen, offices, showroom, and work area.**
