1414 Main StLeesburg, FL 34748

Property Details for 1414 Main St

Year built

1997

Construction

CONCRETE BLOCKS

Lot size

0.81 AC

Property size (Sq ft)

7,511 SF

Property type

Office properties

Property subtype

Office buildings

APN

25-19-24-0001-000-02600

APU

251924000100002600

Description

This exceptional 8,189 square foot medical office building presents a unique investment opportunity in Leesburg, Florida. Situated on a 1.29-acre lot with ample parking (55 spaces), this property boasts a prime location just off US 441 and within a mile of UF Health Leesburg Hospital, ensuring high visibility and convenient access for patients. Originally constructed in 1997, the building underwent a substantial expansion in 2008, resulting in a versatile layout ideal for multiple medical practices. The design incorporates two distinct units, each with private entrances, waiting rooms, and reception areas, allowing for independent operation or a combined practice. The building's extensive features include 14 exam and procedure rooms, a dedicated X-ray room, and 12 bathrooms, along with multiple staff offices. The property is fully serviced by city utilities and is move-in ready, representing a turnkey solution for established or emerging medical professionals. The two-unit configuration offers the potential for owner-occupancy and leasing income, maximizing return on investment. This is a rare opportunity to acquire a well-maintained, strategically located medical office building in a thriving healthcare market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,561,348

  6.5%

  $1,441,244

  7%

  $1,338,298

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,179,452

  Geo Method

  $1,179,452

• Alternative Use

  Use

  Valuation

  Residential

  $1,787,143

  Hospitality

  $1,637,014

  Educational

  $1,361,976

  Medical

  $1,408,816

  Retail

  $2,118,630

Location Insight

City

Leesburg

County

Lake

State

Florida

Latitude

28.8121

Longitude

-81.855

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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