Retail Storefront
2405 SOUTH STREET Leesburg, FL 34748
2405 SOUTH STREET, Leesburg, FL, 34748
$449,850
For Sale
$449,850
For sale retail storefront property on South Street in Leesburg, FL.
Property Size2,379 SF
Price / SF$189.09
Days on Market482
Property Features for 2405 SOUTH STREET
General Information
- Standard status
- Active
- Size
- 2,379 SF
Building Details
- Year Built
- 1951
Listing agency
ERA GRIZZARD REAL ESTATE
(352) 255-6002
Listed by
Craig Yox · License #512601
(352) 255-6002
Source
Evrealestate
Added: Mar 27, 2025 Updated: Jul 20 at 3:24AM Checked: Jul 21 at 4:58AM
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 for-sale retail storefront property is located at 2405 South Street in Leesburg, Florida, within Lake County. The property is configured as a storefront commercial space and is offered as a single retail asset.
Access is provided from South Street. Directions are given via US Highway 27 to South Street, with the property just past Leesburg Elementary on the left.
Additional site and interior details were not provided in the information received.
Access is provided from South Street. Directions are given via US Highway 27 to South Street, with the property just past Leesburg Elementary on the left.
Additional site and interior details were not provided in the information received.
Key Highlights
- Retail storefront property for sale on South Street in Leesburg, FL
- Central air conditioning
- Central heating
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.8k | $18.00 |
| − Vacancy | −$2.6k | −$1.10 |
| EGI | $40.2k | $16.90 |
| − OpEx | −$12.1k | −$5.07 |
| NOI | $28.1k | $11.83 |
2,379 SF · lease $18.00/SF/yr · vacancy 6.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$402.1K
$351.8K – $469.1K
NOI $28,147 @ 7.0% cap · market cap 6.26%
Second Best
—
—
no second resolved use
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
M & J Verticals ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - For sale retail storefront property on South Street in Leesburg, FL.
Where is this storefront property located?
The property is located at 2405 SOUTH STREET 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: Retail storefront property for sale on South Street in Leesburg, FL; Central air conditioning; Central heating
