1020 North Blvd Leesburg, FL 34748
This exceptional investment opportunity presents two buildings totaling 5,850 square feet situated on a 0.68-acre lot in Leesburg, Florida. The property, located at 1020 & 1014 US Hwy 441, boasts a prime corner location with over 240 feet of frontage on US Highway 441, offering excellent visibility and signage. Currently, the property has a 50% occupancy rate with two tenants. Building 1014 comprises two units, each approximately 2,376 square feet, both currently leased. Building 1020 offers a single, larger unit of approximately 3,474 square feet, previously occupied by a law office and medical offices. The property features a shared parking lot and is zoned C-3 by the City of Leesburg, with access to all city utilities. The location benefits from high traffic volume, averaging 31,000 vehicles daily according to FDOT data. This well-maintained property is ideal for an owner-user seeking to occupy the larger building while generating rental income from the smaller units. The seller is open to selling the buildings separately. All information is believed accurate but is not guaranteed and is subject to change without notice. Do not disturb tenants. APN: 1726921, 1234018.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
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