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210 W Magnolia Street, Leesburg, FL 34748
$1,425,000
210 W Magnolia Street, Leesburg, FL 34748View this property at 210 W Magnolia Street, Leesburg, FL 34748
210 W Magnolia StreetLeesburgFL34748
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Property Description
Rare Gem Alert! Have you ever dreamed of owning almost an entire city block in the heart of downtown Leesburg? Well, the wait is over! The Butler Building, an exceptional mixed commercial and residential property, is now up for grabs, and it's a once-in-a-lifetime opportunity that you won't want to miss. Prime Location: Nestled right in the bustling downtown area, The Butler Building offers an expansive city block, along with a generously sized vacant lot just across the street, primed for future development. This property's location is simply unbeatable, making it the perfect canvas for your visionary ideas. Historic Charm, Modern Potential: Imagine owning a beautiful two-story building with a rich history and timeless architectural appeal. The first floor boasts around 11,000 square feet of versatile space, currently partially rented to Ellen's Cafe, and formerly home to Main Street Antiques. This is your chance to shape the future of this iconic space, either by keeping all the square footage for yourself or strategically leasing it for maximum returns. Unlock the Second-Floor Potential: The second floor of The Butler holds endless possibilities. With plans already submitted and met with enthusiastic approval from the city, envision 12 stunning residential lofts that harmoniously blend historic charm with modern comfort. And guess what? The zoning is already in your favor, making your loft dreams a reality. Proximity to Beacon College: Location matters, and The Butler Building is extremely close to Beacon College, making it an ideal spot for a dynamic mix of commercial and residential ventures. Your future residents or customers will appreciate the convenience and vibrancy of this central location. Versatility Defined: This property offers a blank canvas for your imagination. Retail boutiques, trendy eateries, charming cafes, vibrant nightlife spots, sleek offices, and chic residences - the possibilities are as vast as your vision. The nearly identical footprint on the second floor allows you to unleash your creativity without limits. Vacant Lot Included: Wait, there's more! A full-price offer for The Butler secures the adjacent vacant lot as well. Imagine the potential of crafting your very own commercial and residential fusion, or use it for your private parking oasis - the choice is yours! Seize the Moment! The Butler Building is a symbol of rare opportunity. Don't let this exceptional chance slip through your fingers. Whether you're an investor with an eye for potential, an entrepreneur ready to make your mark, or a visionary looking to shape the future of Leesburg, The Butler welcomes you to be a part of its story. Contact us today to explore this exclusive offering and make The Butler your own. Your future in downtown Leesburg awaits - grab it now before it's gone!
Full Property Details
Full Property Details for 210 W Magnolia St
General
- Sold For: $1,425,000
- Taxes: $9,433 (2022)
- Status: Closed
- Type: Commercial
- MLS ID: O6133324
- Added to Site: 296 day(s) ago
Rental Information
- Complex Features: Bathrooms, Loft
Location
- Area: 34748 - Leesburg
- County: Lake
- Development Name: 34748 - Leesburg
- Subdivision: LEESBURG WILEYS
- Driving Directions: Main Street head West, turn South on S Third Street, property is 1/2 way down on the left and is the continuous block on Magnolia between S 4rd and S 2nd. The vacant lot is across the street (other side of Magnolia) - it has the same frontage on Magnolia (it mirrors the building)
Community
- Community Name: 34748 - Leesburg
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Public, Water Connected
Structural Information
- # Buildings: 1
- Exterior Const.: Brick
- Roof: Membrane
- Stories/Levels: Two
- Square Feet: 23,852
- Sq. Ft. Source: Public Records
- Living Area: 23,852 Sq. Ft.
- Year Built: 1924
Lot Features
- Lot Size (Acres): 0.28
- Lot Size (Sq. Ft.): 12,196
- Lot Size: 12196
- Lot Dimensions: 110 x 110
- Frontage: City Street
- Street/Road Desc.: Asphalt
Financial Considerations
- Tax Amount: $9,433.78
- Tax Year: 2022
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Ownership: Corporation
- Special Conditions: None
- Legal Description: LEESBURG, WILEY'S SUB LOTS 1 TO 8 INCL PB 4 PG 41 ORB 5608 PG 1181
- Flood Zone Info: X
- APN: 261924370000000100
- Property ID: 261924370000000100
Listed by Park Place Real Estate
Sold by Main Street Realty & Develop
Get Pre-Approved Today
Schools
Schools serving 210 W Magnolia St
School District:Lake County School District
Rating | Name | Grades | Distance |
---|---|---|---|
2229 South St, Leesburg, FL 34748 | PK-5 | 1.5 mi | |
2101 South St, Leesburg, FL 34748 | 6-8 | 1.4 mi | |
1401 Yellow Jacket Way, Leesburg, FL 34748 | 9-12 | 0.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 210 W Magnolia St
Date
Details
Price
Change
Source
3/08/2024
Sold
$1,425,000
-16.18%
MLS
10/12/2023
Price Reduced
$1,700,000
-5.56%
MLS
9/11/2023
Price Reduced
$1,800,000
-5.26%
MLS
8/10/2023
Listed
$1,900,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
210 W Magnolia Street, Leesburg, FL 34748 (MLS# O6133324) is a Commercial property that was sold at $1,425,000 on March 08, 2024. Want to learn more about 210 W Magnolia Street? Do you have questions about finding other Commercial real estate for sale in Leesburg? You can browse all Leesburg real estate or contact a Coldwell Banker agent to request more information.