2240 Marcella Way Leesburg, FL 34748-9765
- Specialty properties
- 3,408 SF
- 1.06 lot acres
Current Use by Public Records
- Blue Majestics Banquet Hall / Event Venue / Banquet Hall
- OzVee Enterprise Event Center and Tropical Oasis / Banquet Hall / Event Venue
Property Details for 2240 Marcella Way
- Year built
- 1986
- Construction
- CONCRETE BLOCKS
- Lot size
- 1.06 lot acres
- Property size
- 3,408 SF
- Property type
- Specialty properties
- APN
- 16-19-24-0003-000-04600
- APU
- 161924000300004600
Description
This exceptional property, located at 2240 Marcella Way in Leesburg, Florida (zip code 34748), presents a unique investment opportunity. The 3,500 square foot building is a fully renovated mixed-use space currently configured as a single-tenant coworking facility. Its versatile layout makes it adaptable to a variety of uses within the retail, office, or special purpose categories. Situated on a generous lot exceeding one acre, the property offers ample space for expansion, outdoor amenities, or additional parking. The building boasts modern amenities and an exceptional design, reflecting a high standard of recent renovations. The property's prime location in Leesburg, Florida, provides excellent visibility and accessibility. This is an ideal opportunity for an investor seeking a high-quality, versatile commercial property with significant potential for growth and return. The single-tenant occupancy simplifies management and provides immediate income potential. Detailed financial information is available upon request. The property's size and location make it suitable for a variety of businesses, from creative agencies to tech startups, or even a combination of uses. The expansive lot offers significant potential for future development or expansion of existing operations. This is a rare opportunity to acquire a turnkey, high-quality commercial property in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $290,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $370,000
- 6.5%
- $380,000
- 7%
- $375,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $385,000
- Geo Method
- $360,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $375,000
- Retail
- $425,000
- Mixed-Use
- $365,000
- Hospitality
- $360,000
- Educational
- $405,000
- Residential Income
- $425,000
- Energy
- $370,000
- Income-Based Land
- $340,000
- Food Service
- $365,000
Location Insight
- Map
- Local Demand
- City
- Leesburg
- County
- Lake
- State
- Florida
- Longitude
- -81.9159
- Latitude
- 28.8308
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
