Active

$599,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 2968 sq ft
Overview
  • ID: MFRG5104665
  • Bedrooms:
  • Bathrooms: 0
  • Size: 2968 sq ft
Property Details
Remarks
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.
Financial Considerations
Price:
$599,000
HOA Fee:
N/A
Tax Amount:
$5768.93
Price per SqFt:
$201.82
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
Exterior Features
Lot Size:
16929
Lot Features:
Corner Lot
Waterfront:
No
Parking Spaces:
N/A
Parking:
Parking Spaces - 13 to 18
Roof:
Metal
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
Central
Cooling:
Central Air, Mini-Split Unit(s)
Appliances:
N/A
Furnished:
No
Floor:
Carpet
Levels:
N/A
Additional Features
Property Sub Type:
Office
Style:
N/A
Year Built:
1977
Construction Type:
Block, Stone, Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    1029 W MAGNOLIA ST
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