206 3Rd StLeesburg, FL 34748

Property Details for 206 3Rd St

Year built

1959

Construction

CONCRETE BLOCKS

Lot size

0.28 AC

Property size (Sq ft)

6,939 SF

Property type

Office properties

Property subtype

Office buildings

APN

26-19-24-2600-000-02403

APU

261924260000002403

Description

This exceptional 7,180 square foot office building is situated in the heart of downtown Leesburg, Florida, on a 0.28-acre lot. The property boasts over 20 private offices, a large conference room, a spacious break room, a secretarial pool area, a computer mechanics room, and ample file and storage space. Four bathrooms and two convenient rear access points enhance functionality. Parking is plentiful, with over 20 spaces available in a dedicated lot. The building is well-maintained and ready for immediate occupancy, offering a fantastic opportunity for businesses seeking a prime location in a thriving market. Leesburg's growth is fueled by nearby Beacon College, the UF Hospital, and numerous annual festivals, making this a strategic investment for expansion or portfolio diversification. The asking price is $1,200,000. This property is perfectly positioned to serve a wide range of professional uses, benefiting from the energy and accessibility of a downtown Leesburg address. The combination of ample space, convenient amenities, and a desirable location makes this an exceptional commercial real estate opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,442,403

  6.5%

  $1,331,449

  7%

  $1,236,346

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,089,631

  Geo Method

  $1,089,631

• Alternative Use

  Use

  Valuation

  Residential

  $1,650,997

  Hospitality

  $1,512,304

  Educational

  $1,258,220

  Medical

  $1,301,492

  Retail

  $1,957,230

Location Insight

City

Leesburg

County

Lake

State

Florida

Latitude

28.812

Longitude

-81.8763

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].