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Mixed-Use

200 W Main | Downtown Leesburg Retail & Apartments

200 W Main St, Leesburg, FL 34748

Listing Price: $2,200,000

Cap Rate
7.45%
Number of Units
11
Occupancy
91.0%
Price/Unit
$200,000
Price/Gross SF
$151.75
Gross SF
14,498

Investment Overview

Marcus and Millichap is delighted to present a compelling investment opportunity: the acquisition of a
mixed-use retail building to include 7 residential units in the heart of Downtown Leesburg, Florida. This property was constructed in 1907 and has recently been renovated in 2023. Positioned on Main St with exceptional frontage, and less than one hour north of Downtown Orlando, this compelling property bene?ts from high traf?c counts of 23,000 VPD. Strategically located in the rapidly growing Lake County market, this asset offers the advantage of being surrounded by a dynamic business environment and rapid expansion to include over 8,500 planned residential units to be developed. Within a convenient ?ve-mile distance, the property caters to a population of 50,000 residents.

Investment Highlights

  • Mixed-Use Retail/Multifamily Asset In Downtown Leesburg, FL.
  • 7.45% Cap Rate
  • Recently Renovated To Ensure Longevity
  • 8,500+ Residential Units In Process Of Development Within Just A Few Miles

Exclusively Listed By

Financing By

Mixed-Use

200 W Main | Downtown Leesburg Retail & Apartments

Listing Price: $2,200,000

Cap Rate
7.45%
Number of Units
11
Occupancy
91.0%
Price/Unit
$200,000
Price/Gross SF
$151.75
Gross SF
14,498

Investment Highlights

  • Mixed-Use Retail/Multifamily Asset In Downtown Leesburg, FL.
  • 7.45% Cap Rate
  • Recently Renovated To Ensure Longevity
  • 8,500+ Residential Units In Process Of Development Within Just A Few Miles

Investment Overview

Marcus and Millichap is delighted to present a compelling investment opportunity: the acquisition of a mixed-use retail building to include 7 residential units in the heart of Downtown Leesburg, Florida. This property was constructed in 1907 and has recently been renovated in 2023. Positioned on Main St with exceptional frontage, and less than one hour north of Downtown Orlando, this compelling property bene?ts from high traf?c counts of 23,000 VPD. Strategically located in the rapidly growing Lake County market, this asset offers the advantage of being surrounded by a dynamic business environment and rapid expansion to include over 8,500 planned residential units to be developed. Within a convenient ?ve-mile distance, the property caters to a population of 50,000 residents.

Exclusively Listed By

Financing By

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