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2 buildings - 711 S 14th St & 1425 Sumter St 711 S 14th St

21,994 SF Retail Building Leesburg, FL 34748 $1,850,000 ($84/SF) 5.41% Cap Rate

Executive Summary

ATTRACTIVE INCOME/INVESTMENT OPPORTUNITY!!! TWO BUILDINGS FOR SALE, BOTH OCCUPIED BY SAME TENANT, CAP RATE
APPROXIMATELY 5%, LEASES ARE "NN" (DOUBLE NET LEASES) Building #1 is 17,434 sq ft and is located directly on 14th St/US 27 and consists of main showroom, multiple offices, numerous restrooms, large air conditioned stock/supply room and also warehouse areas with 2 bay doors. Excellent visibility and easy access on 14th St/US 27 with 25,500 AADT traffic count and plenty of parking. Building #2 is a 4,500 sq ft metal warehouse built in 2000 with restroom and 4 grade level bay doors and is fully fenced. Owners would prefer to sell both buildings together but will consider selling separately as well. GREAT INCOME/INVESTMENT OPPORTUNITY!!! Please call or email agent for details on leases and financials. Please do not disturb tenants. Please do not enter buildings without an appointment. All information is believed to be accurate and correct but not guaranteed or warranted and should be verified by buyer to their satisfaction.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
21,994 SF
Building Class
B
Year Built/Renovated
1956/2000
Price
$1,850,000
Price Per SF
$84
Cap Rate
5.41%
NOI
$100,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.37
Lot Size
1.35 AC
Opportunity Zone
Yes
Parking
20 Spaces
Frontage
236 FT on South 14th Street

Nearby Major Retailers

Truist
Bank of America
Krispy Krunchy Chicken
South State Bank
Elliano's Coffee Company

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 27-19-24-0400-00B-01400
  • 27-19-24-0400-00D-01100
Land Assessment
$530,545
Improvements Assessment
$695,264
Total Assessment
$1,225,809
  • Listing ID: 32275865

  • Date on Market: 6/27/2024

  • Last Updated:

  • Address: 711 S 14th St, Leesburg, FL 34748

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