4120 Corley Island RdLeesburg, FL 34748

Property Details for 4120 Corley Island Rd

Year built

2006

Construction

CONCRETE BLOCKS

Lot size

2.60 AC

Property size (Sq ft)

14,430 SF

Property type

Retail properties

Property subtype

Community centers

APN

02-20-24-0003-000-03409

APU

22024000300003409

Description

Corley Plaza offers a unique opportunity to lease prime commercial space in Leesburg, Florida. This single-story building, totaling 14,355 square feet, features a currently available 3,230 square foot unit ideal for medical or creative office uses. The property is situated on US Highway 27, boasting exceptional visibility and ample parking for tenants and clients. With an average annual daily traffic count of 47,500 vehicles on US Highway 27, this location ensures high traffic exposure and excellent accessibility. The space is easily accessible from Downtown Leesburg and Town Center Park, located just five minutes away. The building is classified as retail, restaurant, and office space, offering flexibility for a variety of businesses. The minimum divisible space is 3,230 square feet, and the maximum contiguous space available is also 3,230 square feet. This presents a fantastic opportunity for a business seeking a prominent location with high visibility and convenient access to Leesburg's amenities. A special incentive of 60 days of free rent is currently being offered. The property is located in Lake County, Florida. The building consists of one suite within a single building.

• CAP approach

  CAP return

  Valuation

  6%

  $4,500,429

  6.5%

  $4,154,242

  7%

  $3,857,510

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,710,176

  Geo Method

  $5,710,176

• Alternative Use

  Use

  Valuation

  Residential

  $3,504,258

  Hospitality

  $3,209,882

  Educational

  $2,670,584

  Medical

  $2,762,430

  Retail

  $4,154,242

Location Insight

City

Leesburg

County

Lake

State

Florida

Latitude

28.7737

Longitude

-81.8853

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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