1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
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1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
1699 US HIGHWAY 441
For Sale

1699 US HIGHWAY 441

1699 US HIGHWAY 441, LEESBURG, FL 34748

$1,650,000
This owner operated portion of the property includes a Laundromat, Quadplex situated on one parcel located on the Northeast Corner of US Highway 441 (Main St.) and Michigan Avenue. The quadplex is fully leased and provides for a considerable amount of upside potential given that the current lease rates are slightly below market. The business operation of the Laundromat represents a very lucrative investment. The quadraplex & laundromat yields nearly $200k per year in gross revenues. These income producing assets generate a return over 9% based on the current list price of $1,650,000. It must be noted that this return also incorporates a labor expense of nearly $30k if a new owner prefers to hire an employee to manage the property. As such, if owner operated, the return on the investment would increase to nearly 11.0%. In addition to the substantial return this property will provide, the underlying land is also a major part of this investment that should not be overlooked. The adjacent property, 314 Michigan Ave, is also included with this sale. This property is a 2/2 and 1,141 sqft. This entire site at nearly 0.5 acres is located along one of the area’s major commercial thoroughfares. As the growth from the Villages and those areas surrounding the downtown Leesburg market area continue to expand, this market is primed for a redevelopment with numerous national retailers and uses that will continue to drive up land values.

1,152 Sq.Ft. LIVING AREA

0.5 Acres lot

Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.
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Thank you for your interest in 1699 US HIGHWAY 441, LEESBURG, FL 34748. We are reviewing your request and will be in touch shortly!
Lyndin Wasson

Lyndin Wasson

Features & Amenities

Area & Lot

  • Status For Sale
  • Living Area1,152 Sq.Ft.
  • Lot Area0.5 Acres
  • MLS® IDO6119976
  • TypeCommercial
  • YEAR BUILT1980

Exterior

  • AIR CONDITIONINGCentral Air
  • SubstructureBlock

Financial

  • Sales Price$1,650,000
  • Real Estate Tax $5,860/yr
  • Zoning C-2
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