104 Dixie AveLeesburg, FL 34748

Property Details for 104 Dixie Ave

Year built

1926

Construction

CONCRETE BLOCKS

Lot size

0.22 AC

Property size (Sq ft)

2,273 SF

Property type

Office buildings

APN

26-19-24-1800-000-05900

APU

261924180000005900

Description

Own this charming, renovated 2-story office building in desirable Leesburg, Florida. Located directly across from Venetian Gardens, this 2,285 square foot building boasts excellent visibility and high traffic (22,500 AADT). The property features 10 parking spaces with overflow parking available nearby. The main floor (1,537 sq ft) offers a handicap-accessible lobby/reception area, three offices, a conference room, and restrooms. The upper floor (748 sq ft) includes four additional offices. Built in 1926 and extensively renovated in 2021, including a new roof, this versatile space is ideal for various professional uses, including medical, legal, or financial services. The building sits on a 0.216-acre lot and is zoned R-2. Its prime location between US27 and US441, near Leesburg hospital, ensures high traffic and accessibility. With minor renovations, the space could be adapted for retail use. The asking price is $700,000, with a price per square foot of $306.35. Air rights of 2,285 square feet are included. This is a for-sale-by-owner opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $472,503

  6.5%

  $436,156

  7%

  $405,002

• Comparable approach

  Method

  Valuation

  Relative Method

  $356,929

  Geo Method

  $356,929

• Alternative Use

  Use

  Valuation

  Residential

  $540,834

  Hospitality

  $495,401

  Educational

  $412,168

  Medical

  $426,343

  Retail

  $641,150

Location Insight

City

Leesburg

County

Lake

State

Florida

Latitude

28.807

Longitude

-81.8749

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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