About 1029 W Magnolia Street
Excellent Professional Office Building in Downtown Leesburg. 1/3 an acre, perfect location on a corner lot with 2 sides for parking. This building has multiple (3) very large offices, Storage room in front of a very large safe, oversized conference room, 3 restrooms, one of which has a shower. Kitchen/breakroom, nice reception office, and customer waiting room, plenty of storage, and closets. Currently has a tenant in place until the end of 2026. Great cash flow, CAP Rate 7.5. Modified Gross Lease. 17 parking spaces, and in 2011 the lot was repaved. Re-Roof and Building Painted in 2020, Central AC Unit 2024 (7.5 Ton Rheem Split System), and a Mini Split located in the Computer Server Room. This is a very nice building that is very well taken care of. Great investment for an Owner-User or a nice investment. Located just down the street from all of the downtown activity. Local College, restaurants, and shops are within a few blocks away.
Commercial Sale home for sale in LEESBURG, FL at 1029 W Magnolia Street. This Commercial Sale home is priced at $202/sqft
Features of 1029 W Magnolia Street
| MLS® # | G5104665 |
|---|---|
| Price | $599,000 |
| Square Footage | 2,968 |
| Acres | 0.35 |
| Year Built | 1977 |
| Type | Commercial Sale |
| Sub-Type | Office |
| Status | Active |
Community Information: Leesburg
| Address | 1029 W Magnolia Street |
|---|---|
| Area | Leesburg |
| Subdivision | LEESBURG |
| City | LEESBURG |
| County | Lake |
| State | FL |
| Zip Code | 34748-5730 |
Amenities of 1029 W Magnolia Street
| Parking | 13 to 18 Spaces |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
| Senior Community | No |
Interior of 1029 W Magnolia Street
| Heating | Central |
|---|---|
| Cooling | Central Air, Mini-Split Unit(s) |
| Fireplace | No |
| # of Stories | 1 |
Exterior of 1029 W Magnolia Street
| Lot Description | Corner Lot |
|---|---|
| Roof | Metal |
| Foundation | Slab |
Additional Information On 1029 W Magnolia Street
| Date Listed | November 18th, 2025 |
|---|---|
| Days on Market | 1 |
| Zoning | C-2 |
| Flood Zone Code | X |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | REALTEAM REALTY INC. |
|---|