2860 Main StLeesburg, FL 34748

Property Details for 2860 Main St

Year built

2005

Construction

WOOD FRAME

Lot size

0.12 AC

Property size (Sq ft)

1,976 SF

Property type

Office buildings

APN

21-19-24-0675-000-00300

APU

211924067500000300

Description

This exceptional 1,976 square foot commercial property, located at 2860 W Main Street, Leesburg, FL 34748, offers a unique blend of office and warehouse space ideal for a variety of businesses. Situated on 1.2 acres in Lake County, this single-tenant building boasts a highly visible location with ample paved parking. Built in 2005, the one-story structure features 1,550 square feet of retail space, along with additional warehouse/storage space in the rear. The property includes a convenient 14' x 15' roll-up door for easy loading and unloading of goods. Inside, you'll find two enclosed offices and two bathrooms, providing ample space for staff and clients. The property is zoned M-1 and enjoys excellent accessibility, being just 8 miles from I-75 and conveniently located near Leesburg, Wildwood, and The Villages. This is a NNN lease, meaning the base rent is supplemented by CAM charges, and the tenant is responsible for insurance, interior maintenance, and air conditioning. The high occupancy rate of the commerce park further underscores the desirability of this location. This property presents a fantastic opportunity to establish or expand your business in a thriving area at a competitive price.

• CAP approach

  CAP return

  Valuation

  6%

  $401,486

  6.5%

  $370,603

  7%

  $344,131

• Comparable approach

  Method

  Valuation

  Relative Method

  $310,291

  Geo Method

  $310,291

• Alternative Use

  Use

  Valuation

  Residential

  $459,547

  Hospitality

  $420,943

  Educational

  $350,220

  Medical

  $362,264

  Retail

  $544,786

Location Insight

City

Leesburg

County

Lake

State

Florida

Latitude

28.813

Longitude

-81.9138

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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