$599,000
1029 Magnolia Street
Leesburg, FL 34748
Listing updated: April 24, 2026 at 12:29 PM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
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.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history157 days on market
- Status: ActiveNov 19, 2025
- Listed$599,000Nov 18, 2025
- Price increased$599,000
Facts & features
- Property type
- Commercial Sale
- Sub type
- Office
- Status
- Active
- Days on market
- 157
- Subdivision
- Leesburg
- County
- Lake
- Year built
- 1977
- Living area
- 2,968 sq ft
- Price/sq ft
- $202
- Lot size
- 16,929 sq ft
- Lot category
- 1/4 to less than 1/2
- Flood zone
- X (12069C0317E)
- Annual taxes
- $5,769 (2025)
- Parcel #
- 26-19-24-3900-031-00101
- Zoning
- C-2
- MLS #
- G5104665
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Interior Details
- Flooring
- Carpet
Heating & Cooling
- Heating
- Central
- Cooling
- Central Air, Mini-Split Unit(s)
Parking
- Parking features
- Parking Spaces - 13 to 18
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- Listing terms
- Cash, Conventional
- Ownership
- Other
Exterior & Construction
- Construction materials
- Block, Stone, Stucco
- Roof
- Metal
- Foundation
- Slab
- Road surface
- Asphalt
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Public
Listing Details
- Listing date
- 2025-11-11
- On market date
- 2025-11-18
- Original list price
- $599,000
- Occupant type
- Tenant
- MLS area
- 34748 - Leesburg
- Listing AOR
- Lake and Sumter
- Status changed
- 2025-11-19
- Tax legal description
- LEESBURG E 1/2 OF LOT 1 BLK 31--LESS R/W OF MAGNOLIA ST--PB 2 PG 19 ORB 3922 PG 1882
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
Downtown Leesburg to Magnolia Street. Building is on the south side on the corner of Euclid and Magnolia.
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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 12:29 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.
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