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Corner Property on South Street

2405 SOUTH St, Leesburg, FL 34748

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For Sale

$525,000

Mixed-use property with frontage on SR 44 in Leesburg.

Type:Commercial

Property size:

2,379 SF

Lot size:

0.55 Acres

Price / SF:

$220/SF

We can help!

Contact an agent

Craig Yox

Real Estate License ID: 512601

HighLights

High‑traffic corner location with 145 ft frontage on SR 44 (South Street).
Zoned R2, suitable for commercial or residential use.
Main building: 2379 sq ft heated & cooled space, 2 bedrooms, 2 baths, full kitchen, offices, showroom, and work area.
Second building: 1925 sq ft warehouse/workshop with 2 overhead doors.
Over 1/2 acre lot with ample parking.
Located among commercial and residential properties.

For Sale

$525,000

Mixed-use property with frontage on SR 44 in Leesburg.

Type:Commercial

Property size:

2,379 SF

Lot size:

0.55 Acres

Price / SF:

$220/SF

Added:: Mar 10, 2026
Days on Market:: 120
Last Refresh:: Jul 2 at 8:20 am

Property Features for 2405 SOUTH St

General Information

Standard status: Active
Size: 2,379 SF
Lot size: 0.55 Acres
Property subtype: Commercial

Building Details

Year Built: 1951

We can help!

Contact an agent

Craig Yox

Listing office ERA GRIZZARD REAL ESTATE

Listing date Mar 10, 2026

Source Elliman

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

HighLights

High‑traffic corner location with 145 ft frontage on SR 44 (South Street).
Zoned R2, suitable for commercial or residential use.
Main building: 2379 sq ft heated & cooled space, 2 bedrooms, 2 baths, full kitchen, offices, showroom, and work area.
Second building: 1925 sq ft warehouse/workshop with 2 overhead doors.
Over 1/2 acre lot with ample parking.
Located among commercial and residential properties.

Overview

This mixed-use property is located on a corner lot with 145 feet of frontage on South Street (SR 44) in Leesburg. The property, zoned R2, is situated among commercial and residential properties. A business is currently operating on the premises, where the owner also resides. The main building features 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 equipped with two overhead doors. The property spans over half an acre and offers ample parking.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$57.1k	$24.00
− Vacancy	−$9.7k	−$4.08
EGI	$47.4k	$19.92
− OpEx	−$11.8k	−$4.98
NOI	$35.5k	$14.94

2,379 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$507.7K

$444.3K – $592.4K (±1% cap)

NOI $35,542 @ 7.0% cap · market cap 6.77%

Second Best

Mixed Use

$448.6K

$392.5K – $523.4K (±1% cap)

NOI $31,403 @ 7.0% cap · market cap 5.98%

Theoretical Best

Office A

$677.0K

$592.4K – $789.8K (±1% cap)

NOI $47,390 @ 7.0% cap · market cap 9.03%

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

Property Profile Location Intelligence

Current Use by Public Records

M & J Verticals ... (Bike/Boat/Book/etc) Store

Suggested Use

Location Insight

Map
Local Demand

City: Leesburg
County: Lake
State: Florida
Longitude: -81.9044
Latitude: 28.8027

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For sale
Mixed-use properties
FL
Leesburg
34748
2405 SOUTH St

What type of property is this?

Mixed-use property - Mixed-use property with frontage on SR 44 in Leesburg.

Where is this mixed-use property located?

The property is located at 2405 SOUTH St Leesburg, FL.

What is the asking price?

The asking price for this property is $525,000.

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 commercial or residential use.; Main building: **2379 sq ft heated & cooled space**, 2 bedrooms, 2 baths, full kitchen, offices, showroom, and work area.