Property profile

1201 14th St Leesburg, FL 34748

OFF-MARKET
Drive through restaurants
Property ID
US18-4618547
2,805 SF 0.97 ac lot Built 1986
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2,805-square-foot vacant restaurant building presents a remarkable opportunity for a discerning investor or operator. Strategically situated on 0.98 acres at a high-traffic interchange in Leesburg, Florida, this property boasts exceptional visibility and frontage along North 14th Street, a major thoroughfare with an impressive 26,600 average annual daily traffic (AADT). The building's drive-thru configuration is ideally suited for quick-service restaurants or similar businesses requiring convenient customer access. The property's location within Lake County ensures easy access to a substantial customer base. The vacant status allows for complete customization and design flexibility to meet the specific needs of the future tenant. This is a rare chance to acquire a well-positioned commercial property in a thriving Florida market, offering significant potential for growth and return on investment. The property's size and location make it an attractive proposition for a variety of restaurant concepts. The high visibility and convenient access provided by the drive-thru feature are key advantages in a competitive market. This property is ready for immediate occupancy and offers a blank canvas for a successful business venture. The address is 1201 N 14th St, Leesburg, FL 34748.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1986
Construction CONCRETE BLOCKS
Total area 2,805 SF
Lot 0.97 ac (42,150 SF)
APN 22-19-24-0001-000-01000
UPID US18-4618547

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Post Office Logistics Service
  • Physician
  • General Contractor
  • Landscaping General Contractor
  • Moving Company Logistics Company

Location

1201 14th St Leesburg, FL 34748-3822
Leesburg metro Census 30505 ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.25M
Blend (final) Blend
$475k

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

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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