# 1029 W MAGNOLIA STREET, Leesburg, FL 34748

> **TL;DR:** commercial, $599,000 ($202/sqft), built 1977, 2,968 sqft. Est. $2,596/mo. Listed 202 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $599,000 |
| Price/sqft | $202 |
| Square Feet | 2,968 |
| Year Built | 1977 |
| Lot Size | 15,246 sqft (0.35 acres) |
| Property Type | Commercial (Office) |
| Status | For Sale |
| Days on Market | 202 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,596 |
| **Total** | **$2,596** |

## Property Highlights

- Built in 1977
- 0.35 acre lot

## Description

### Agent Description
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.

## Location

- **Address:** 1029 W MAGNOLIA STREET, Leesburg, FL 34748
- **County:** Lake
- **Neighborhood:** LEESBURG
- **Coordinates:** 28.810152, -81.881641
- **Google Maps:** https://www.google.com/maps?q=28.810152,-81.881641

## Listing Agent

- **Name:** Trish Leisner
- **Brokerage:** REALTEAM REALTY INC.
- **Phone:** 3522676216
- **Email:** maryleisner@gmail.com

## Primary Photo

![1029 W MAGNOLIA STREET - Primary Photo](http://lh.rdcpix.com/38376e08b0da9225090e9c0433d22ef5l-f4002026716r.jpg)

*30 total photos available on [listing page](https://www.propertysimple.com/listing/1029-w-magnolia-street-leesburg-fl-34748-g5104665)*

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**MLS#:** G5104665 | **Updated:** 2026-06-19
**Source:** listhub

*Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1029-w-magnolia-street-leesburg-fl-34748-g5104665)

---

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  "description": "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",
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