Log In/Sign Up
Your email has been sent.
401 E North Blvd
Leesburg, FL 34748
Office Property For Sale


Investment Highlights
- HIGHWAY 441 FRONTAGE
- 3 SEPARATE UNITS WITH THE OPTION TO INCREASE TO 5 UNITS IF YOU BREAK UP THE 5800 SQ FT SPACE
- CLOSE TO HOSPITAL AND OTHER MEDICAL SERVICES
Executive Summary
Fantastic Opportunity to own this 9800 sq ft Medical or Professional Office space with 115 feet of highway frontage on 441 . Fantastic income property. This building consists of just under 10,000 sq ft. There are a total 3 units. 1 - 5800 sq ft unit that is leased at $5,000 per month for a 5 year term and has 3 years left and 2 identical 2,000 sq ft offices that are now vacant and getting ready for the next tenant. The building is in excellent condition. The owners had the parking lot repaved and re-striped and the exterior painted last year. The large 5,800 sq ft space can be built out to 2 or 3 units if you want more rental opportunities. This building is located on 441 and has fantastic road traffic and exposure. Rent out the other 2 units for 10% + cap income property. The parking lot will accommodate 60+ vehicles. Lots of options available. Use all 9800 sq ft, Use the 3 separate units or create more units for more income. This is a great owner operator property as well with your tenants paying your mortgage for you. Great location that is just minutes from the hospital.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
9,800 SF
Building Class
C
Year Built
2005
Price
$1,250,000
Price Per SF
$127.55
Cap Rate
8.96%
NOI
$112,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
9,800 SF
Building FAR
0.20
Lot Size
1.13 AC
Zoning
Commercial - Many options available for this property with 115 feet on 441 and space for over 60 cars
Parking
60 Spaces (6.12 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Central Heating
- Air Conditioning
Property Taxes
| Parcel Number | 23-19-24-0004-000-09401 | Improvements Assessment | $848,558 |
| Land Assessment | $360,876 | Total Assessment | $1,209,434 |
Property Taxes
Parcel Number
23-19-24-0004-000-09401
Land Assessment
$360,876
Improvements Assessment
$848,558
Total Assessment
$1,209,434
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
