1456 William StLeesburg, FL 34748

Property Details for 1456 William St

Year built

1988

Construction

METAL FRAME

Lot size

0.81 AC

Property size (Sq ft)

7,740 SF

Property type

Office properties

Property subtype

Office buildings

APN

22-19-24-0001-000-01100

APU

221924000100001100

Description

This exceptional investment opportunity presents a 7,740-square-foot Class A office and warehouse complex in Leesburg, Florida. Located at 1456 William St, this property boasts a commanding 5.35% cap rate and is currently 100% occupied across three distinct units. The building, constructed in 1988 and extensively renovated in 2023, features a mix of modern office suites and warehouse space. Unit #1 offers approximately 733 square feet of office space, Unit #2 provides approximately 810 square feet, and Unit #3 encompasses a substantial 5,305 square feet, combining office space, a 3,180-square-foot warehouse with three roll-up doors, and a secure fenced storage yard. The total net rentable area is 7,740 square feet, priced at $155.04 per square foot, with an asking price of $1,200,000. The property sits on a 0.81-acre lot and is zoned C-3, providing ample parking and easy access. Its strategic location offers convenient access to major transportation arteries, including I-75 and the Florida Turnpike, placing it within an hour's drive of Orlando and Ocala, and minutes from The Villages. City utilities are readily available. This fully renovated, high-demand property represents a strong investment with significant potential for future growth. The property is offered fee simple. All information is believed to be accurate but is not guaranteed.

• CAP approach

  CAP return

  Valuation

  6%

  $1,608,743

  6.5%

  $1,484,994

  7%

  $1,378,923

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,215,412

  Geo Method

  $1,215,412

• Alternative Use

  Use

  Valuation

  Residential

  $1,841,392

  Hospitality

  $1,686,706

  Educational

  $1,403,319

  Medical

  $1,451,582

  Retail

  $2,182,941

Location Insight

City

Leesburg

County

Lake

State

Florida

Latitude

28.8257

Longitude

-81.8886

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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