1502 HIGH ST new Save Request In-Person Tour Request Virtual Tour
Leesburg,FL 34748
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,883 sqft
Price per Sqft $54
Subdivision Leesburg Archbell Sub
MLS Listing ID O6326776
HOA Y/N No
Year Built 1910
Annual Tax Amount $3,357
Lot Size 0.640 Acres
Acres 0.64
Lot Dimensions 140x199
Property Sub-Type Multi Family
Source Stellar MLS
Property Description
Prime Investment Opportunity – Location, Location, Location!
Prime Value-Add Investment Opportunity in Central Florida! Located just 45 minutes from Orlando, this centrally positioned Leesburg asset is zoned by Lake County for 10 units, making it ideal for a multifamily conversion, co-living concept, or workforce housing development. Minutes from Downtown and UF Health Leesburg Hospital, the area offers strong tenant demand and long-term growth.
Full renovation required – estimated at $400,000, including updated floor plans, systems, and interiors. Projected After-Repair Value (ARV): $1,890,000, presenting a strong equity and cash flow play for savvy investors.
With flexible zoning, an undersupplied rental market, and rising demand, this is a rare chance to reposition a property for significant returns. Serious inquiries only – proceed with caution during showings.
Location
State FL
County Lake
Community Leesburg Archbell Sub
Area 34748 - Leesburg
Zoning R-2
Interior
Cooling None
Exterior
Roof Type Metal
Building
Story 2
Foundation Crawlspace
Lot Size Range 1/2 to less than 1
Structure Type Frame
New Construction false
Others
Ownership Sole Proprietor
Acceptable Financing Cash,Other
Listing Terms Cash,Other
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6326776