Leesburg Medical/Office Building For Sale

170 North Blvd E, Leesburg, FL 34748

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For Sale

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5,415 SF medical/office building on a signalized corner.

Type:Office

Property size:

5,415 SF

Price / SF:

$184/SF

HighLights

High‑traffic location on a signalized corner with 250+\/- FT of Hwy frontage and excellent visibility (33,000 FDOT avg trips per day).
Zoned C‑3 Highway Commercial with city utilities, offering versatile usage possibilities.
Located near University of Florida's Leesburg North Campus and UF Health's Leesburg Hospital.
5,415+\/- SF Medical - Office Building suitable for lab, medical office, classrooms, Urgent Care, or professional offices.
Includes multiple offices, classrooms/conference room, and a large walk‑in cooler.
Convenient Central Florida location: just over an hour to Orlando or Ocala, and 15 minutes to The Villages, I‑75, and Florida's Turnpike.

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Contact an agent

Dan Tatro

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For Sale

Contact for pricing

5,415 SF medical/office building on a signalized corner.

Type:Office

Property size:

5,415 SF

Price / SF:

$184/SF

Added:: Jan 10, 2024
Days on Market:: 909
Last Refresh:: Jun 27 at 3:55 pm

Property Features for 170 North Blvd E

General Information

Standard status: Active
Size: 5,415 SF
Property subtype: Office

Building Details

Year Built: 2001

We can help!

Contact an agent

Dan Tatro

Listing office Grizzard Commercial Real Estate Group

Listing date Jan 10, 2024

Source Crexi

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 Grizzard Commercial Real Estate Group

HighLights

High‑traffic location on a signalized corner with 250+\/- FT of Hwy frontage and excellent visibility (33,000 FDOT avg trips per day).
Zoned C‑3 Highway Commercial with city utilities, offering versatile usage possibilities.
Located near University of Florida's Leesburg North Campus and UF Health's Leesburg Hospital.
5,415+\/- SF Medical - Office Building suitable for lab, medical office, classrooms, Urgent Care, or professional offices.
Includes multiple offices, classrooms/conference room, and a large walk‑in cooler.
Convenient Central Florida location: just over an hour to Orlando or Ocala, and 15 minutes to The Villages, I‑75, and Florida's Turnpike.

Overview

This is a 5,415+/- SF medical/office building, formerly a blood donation facility. The building is located on a signalized corner at E North Blvd / US Hwy 441 & N Canal Street, offering 250+/- FT of highway frontage and excellent visibility. Situated within the City of Leesburg, the property benefits from city utilities and C-3 Highway Commercial zoning. The FDOT reports an average of 33,000 trips per day. The site's location is near the University of Florida's Leesburg North Campus and a short drive from UF Health's Leesburg Hospital. This Central Florida location is just over an hour to Orlando or Ocala and 15 minutes to The Villages, I-75 and Florida's Turnpike. The building includes multiple offices, classrooms / conference room, and a large walk-in cooler. There is even bus parking available for 2 buses. The former blood bank has potential for a lab, medical office, classrooms, urgent care, and professional offices.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$130.0k	$24.00
− Vacancy	−$22.1k	−$4.08
EGI	$107.9k	$19.92
− OpEx	−$27.0k	−$4.98
NOI	$80.9k	$14.94

5,415 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.16M

$1.01M – $1.35M (±1% cap)

NOI $80,900 @ 7.0% cap · market cap 8.10%

Second Best

Healthcare Medical

$1.10M

$965.0K – $1.29M (±1% cap)

NOI $77,196 @ 7.0% cap · market cap 7.73%

Theoretical Best

Office A

$1.54M

$1.35M – $1.80M (±1% cap)

NOI $107,867 @ 7.0% cap · market cap 10.80%

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

Location Intelligence

Current Use by Public Records

Medical Office Space

Suggested Use

Location Insight

Map
Local Demand

City: Leesburg
County: Lake
State: Florida
Longitude: -81.874354
Latitude: 28.816289

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For sale
Medical Office Space
FL
Leesburg
34748
170 North Blvd E

What type of property is this?

Medical Office Space - 5,415 SF medical/office building on a signalized corner.

Where is this medical office space located?

The property is located at 170 North Blvd E Leesburg, FL.

What is the asking price?

The asking price for this property is $999,000.

What are key features of this property?

This property features: High‑traffic location on a signalized corner with 250+\/- FT of Hwy frontage and excellent visibility (33,000 FDOT avg trips per day).; Zoned C‑3 Highway Commercial with city utilities, offering versatile usage possibilities.; Located near University of Florida's Leesburg North Campus and UF Health's Leesburg Hospital.