Property profile

401 North Ave Leesburg, FL 34748

OFF-MARKET
Office Spaces
10,060 SF 1.13 ac lot Built 2005
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Property summary

AI-generated overview

This exceptional 10,060 square foot office building in Leesburg, Florida presents a compelling investment opportunity. Situated on a 1.13-acre lot with 60 recently repaved parking spaces, the property boasts high visibility from Highway 441. Its prime location is less than one mile from UF Health Leesburg and the heart of Leesburg's downtown medical district, ensuring strong tenant demand. The building is comprised of three units, offering significant flexibility. Two units, each exceeding 2,000 square feet, are ideally suited for medical or professional practices, featuring multiple offices, patient rooms, waiting areas, and reception spaces. The third unit, a substantial 5,800 square feet, offers a large open area perfect for various uses, complemented by surrounding offices and storage rooms. This unit was previously occupied by a Davita Dialysis office. The property's excellent location, ample parking, and versatile layout create exceptional upside potential for investors seeking a strong return in a thriving medical market. The asking price is $1,480,000.

Property profile

Verified
Property type Office Spaces
Year built 2005
Total area 10,060 SF
Lot 1.13 ac (49,223 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

401 North Ave Leesburg, FL 34748
Leesburg metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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