2535 Main St Leesburg, FL 34748-4608
Property profile & analytics
2535 Main St, Leesburg, FL 34748-4608
- Drive through restaurants
- 2,016 SF
- 0.44 lot acres
Property ID
US18-5693210
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Hibachi Jose Restaurant / Restaurant
- The Crab Stop of Leesburg / Restaurant
- Coast 2 Coast Seafood & Smokehouse / Restaurant
Property Details for 2535 Main St
- Year built
- 2005
- Construction
- WOOD FRAME
- Lot size
- 0.44 lot acres
- Property type
- Drive through restaurants
- APN
- 28-19-24-0800-003-01800
- APU
- 281924080000301800
Description
This exceptional investment opportunity presents a fully equipped, 2,016-square-foot restaurant located at 2535 W Main St, Leesburg, FL 34748. The property, built in 2005, sits on a 19,323-square-foot lot and includes 20 parking spaces. Currently operating as Hibachi Jose under a triple-net (NNN) lease with a remaining term of two years (expiring August 1, 2025), the lease features a 3% annual rent bump and a renewal option. The property boasts a strong net operating income (NOI) of $30,000, yielding a compelling 7.92% cap rate at an asking price of $379,000 ($188 per square foot). The restaurant is equipped with a comprehensive array of features, including two built-in smokers, a walk-in cooler, a deep fryer, and a hood vent. Designed for optimal service, it includes a drive-thru window and two walk-up windows. A screened-in patio provides outdoor seating for up to 20 guests. The B-2 zoning allows for various uses. This turnkey operation offers a fantastic opportunity for an investor or owner-operator seeking a profitable venture in a prime Leesburg location. The lease commenced August 1, 2023. The single-story building is situated in Lake County.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Leesburg
- County
- Lake
- State
- Florida
- Longitude
- -81.9078
- Latitude
- 28.8127
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,260
$0.00
$0.00
$193,659
-
$64,297
$129,362
$193,659
