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Medical Office Building with Highway Frontage
New
For Sale
$1,225,000

401 E NORTH, Leesburg, FL 34748

Three-unit professional property with repaved parking and flexible suite configuration.

Property Size9,800 SF
Price / SF$125
Days on Market3

Property Features for 401 E NORTH

General Information

Standard status Active
Size 9,800 SF
Property subtype Commercial

Additional Details

Highway Access Yes
Office Units 3

Taxes and HOA fees

Annual Taxes $20,172

Building Details

Building Size 9,800 SF
Year Built 2005
Buildings 1
Tenancy Multi
Abandoned No
Listing Agency: RE/MAX TITANIUM GROUP
Listed By: Stephen Misciagno · License #3117607
Source: Elliman
Added: Aug 19 Changed: Aug 20 Last Checked: Aug 20 at 8:07AM

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 RE/MAX TITANIUM GROUP

Investment Insights

Based on property information with market context.

This 9,800-square-foot medical office property, built in 2005, is configured as three units. The layout includes a 5,800-square-foot suite and two additional 2,000-square-foot offices. The larger suite is leased with 3 years remaining on its 5-year term, while the two smaller spaces are vacant and being prepared for occupancy. The 5,800-square-foot area can also be divided into two or three units for a different configuration.

The building fronts Highway 441 with 115 feet of frontage and a parking lot accommodating 60+ vehicles. Recent property improvements include parking lot repaving and restriping, along with exterior painting. Located at 401 E North in Leesburg, the property is minutes from the hospital and has a Walk Score of 77 and BikeScore of 84.

Key Highlights

  • 9,800‑square‑foot medical office building with three units
  • 115 feet of frontage on Highway 441
  • 5,800‑square‑foot suite leased with 3 years remaining on a 5‑year term

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Real Estate Agency Restaurant Hair Salon Spa & Massage Center HVAC Service Nail Salon

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

Lease Details

3
Office units
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

35
Businesses Nearby
Balanced
Demand for This Use

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?
Medical Office Space - Three-unit professional property with repaved parking and flexible suite configuration.
Where is this medical office space located?
The property is located at 401 E NORTH Leesburg, FL.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: 9,800‑square‑foot medical office building with three units; 115 feet of frontage on Highway 441; 5,800‑square‑foot suite leased with 3 years remaining on a 5‑year term
More about this property
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