1029 W Magnolia St
Just Listed
$599,000
1029 W Magnolia St
Leesburg, FL, 34748
0
Baths
2,968
Sq Ft
1977
Built

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.

TypeOffice
CommunityLeesburg
Lot0.35 ac
CountyLake
Ryan Solberg
Presented by
Ryan Solberg
Broker / Owner
321.373.3536 · Ryan@MaxLifeRealty.com · MaxLifeRealty.com
MaxLife Realty LLC
MLS GRIDRealteam Realty Inc. · MLS# G5104665 · 352-394-1144 · Active

Listings courtesy of Stellar MLS as distributed by MLS GRID. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on information submitted to the MLS GRID as of April 24, 2026 at 4:29 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity