128 Orange AveLeesburg, FL 34748

Property Details for 128 Orange Ave

Year built

1921

Construction

WOOD FRAME

Lot size

0.20 AC

Property size (Sq ft)

2,092 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

26-19-24-0600-00B-00700

APU

261924060000B00700

Description

This unique commercial property, located in Leesburg, Florida's historic business district, offers 2,816 square feet on a 0.2-acre lot. Recently renovated, it features a spacious first-floor commercial space with five rooms, a reception area, two handicap-accessible bathrooms, and an employee kitchen. The upgrades include a new roof, air conditioning, electrical, plumbing, and flooring. A two-bedroom residential apartment is located upstairs, complete with a living room, dining area, full kitchen, bathroom, and utility room. This provides options for on-site living or rental income generation. The property also includes a partial basement for storage and parking for up to four cars, with additional public street parking nearby. Its prime location is a short walk to Historic Main Street, offering easy access to local businesses and amenities. The asking price is $440,000. This versatile property presents an excellent opportunity for business owners seeking a blend of historic charm and modern convenience in a thriving location.

• CAP approach

  CAP return

  Valuation

  6%

  $434,859

  6.5%

  $401,408

  7%

  $372,736

• Comparable approach

  Method

  Valuation

  Relative Method

  $328,507

  Geo Method

  $328,507

• Alternative Use

  Use

  Valuation

  Residential

  $497,746

  Hospitality

  $455,933

  Educational

  $379,331

  Medical

  $392,377

  Retail

  $590,070

Location Insight

City

Leesburg

County

Lake

State

Florida

Latitude

28.8126

Longitude

-81.8787

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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