Back to Search
1029 W Magnolia St
For Sale $599,000 ($201.82 per Sq Ft)
$599,000 ($201.82 per Sq Ft)
- Units
- 2,968 Sq Ft
- 16,929 Sq Ft
- Unknown Cap Rate
Description
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 (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.
Loading map...
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $599,000 |
| Property Type | Office |
| Usable Sqft | 2,968 |
| Number of Stories | 1 stories |
| Parking Spots | 0 spots |
| Year Built | 1977 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 261924390003100101 |
| MLS # | G5104665 |
| Property ID | 316139802 |
| Lot Sqft | 16,929 |
| Zoning | C-2 |
| Days on Market | 27 |
| Original List Price | $599,000 |
| Date Updated | December 05, 2025 |
| Date Created | November 11, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Trish Leisner an agent of .
© 2025 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of December 05, 2025 The information being provided is 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.
Robert Crawford
REAL ESTATE AGENT