LEESBURG, FL 34748 1029 W MAGNOLIA STREET

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Presented By: REALTEAM REALTY INC. with 352-394-1144. - 352-394-1144
  • MLS# G5104665
  • 11/11/2025
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Disclaimer: The information contained in this listing has not been verified by Homepride Group at EXP Realty and should be verified by the buyer.
  • SQFT • 2,968

Home Details

Excellent Professional Office Building in Downtown Leesburg. 1/3 an acre, perfect location on a corner lot with 2 sides for parking. Current tenant in place, lease expires in a few months - building will be ready for an owner-occupant. (July 2026) This building has multiple (4) very large offices (one used to be a conference room), a Storage room in front of a very large safe, 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.
Presented By: REALTEAM REALTY INC. with 352-394-1144. - 352-394-1144

Interior Features for 1029 W MAGNOLIA STREET

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NYes
FlooringCarpet
Heating Y/NYes
Total Stories1

General for 1029 W MAGNOLIA STREET

Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Building FeaturesBathrooms, Kitchen Facility, On Site Shower, Reception
CityLEESBURG
Construction MaterialsBlock, Stone, Stucco
CoolingCentral Air, Mini-Split Unit(s)
CountyLake
DirectionsDowntown Leesburg to Magnolia Street. Building is on the south side on the corner of Euclid and Magnolia.
Flood Zone CodeX
Flood Zone Code XY
HeatingCentral
Legal DescriptionLEESBURG E 1/2 OF LOT 1 BLK 31--LESS R/W OF MAGNOLIA ST--PB 2 PG 19 ORB 3922 PG 1882
Listing TermsCash, Conventional
Living Area UnitsSquare Feet
Lot Size Square Feet16929
Lot Size UnitsSquare Feet
MLS Area34748 - Leesburg
New ConstructionNo
Occupancy TypeTenant
OwnershipOther
Property SubtypeOffice
Property TypeCommercial Sale
RoofMetal
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameLEESBURG
Tax Annual Amount5768.93
Tax Lot1
Tax Year2025
UtilitiesPublic
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1977
ZoningC-2

Exterior for 1029 W MAGNOLIA STREET

Building Area Total2968
Foundation DetailsSlab
Lot Dimensions152 x 106
Lot FeaturesCorner Lot
Lot Size Acres0.35
Lot Size Area16929
Number of Buildings1
Number of Lots1
Parking Features13 to 18 Spaces
Road Frontage TypeCity Street
Road Surface TypeAsphalt
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Steven Pugh

Broker Associate | Team Leader
Price $599,000
MLS#G5104665
List Date 11/11/2025
Property Type Commercial
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