Land at 703 W MAGNOLIA ST, LEESBURG
Land at 703 W MAGNOLIA ST, LEESBURG, photo 2 of 7
Land at 703 W MAGNOLIA ST, LEESBURG, photo 3 of 7
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7 photos

$849,000

703 W MAGNOLIA ST
LEESBURG, FL 34748
Listed by Daniel Tatro · GRIZZARD COMMERCIAL REALESTATE
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
N/A

About this home

Rare downtown Leesburg opportunity to develop a multi-story residential or commercial project or both at once(mixed use). Property is .44 +/- acres and zoned Central Business District (CBD) within historic downtown Leesburg, Florida. Zoning and Code would allow for as many as 6 stories (72’). Ideal location to eat/work/play in a historic downtown venue where one can walk everywhere. All information is believed accurate and correct but not guaranteed or warranted & subject to change without notice.

Property details

MLS #
MFRG5117119
Property type
Land
Subdivision
LEESBURG S MAIN ST
Status
Active
Days on market
N/A
On market date
September 1, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.44 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
BEVERLY SHORES ELEMENTARY SCHOOL
1.35 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
615
Student:teacher ratio
14.3:1
District
LAKE
Middle
OAK PARK MIDDLE SCHOOL
1.26 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
517
Student:teacher ratio
17.2:1
District
LAKE
High
LEESBURG HIGH SCHOOL
0.63 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,618
Student:teacher ratio
21.3:1
District
LAKE

Walkability

Blended score for LEESBURG's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

78
Walkable
out of 100
EPA National Walkability Index
12.5 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores9
Parks10
Schools14
Transit stops20
Pharmacies9

Market position

How this listing compares to current activity in LEESBURG, from live MLS data.

On the market 0 days -- 111 fewer days than LEESBURG's current average of 111 days.
For reference, the median list price across 883 active listings in LEESBURG right now is $279,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$5,263/mo
$169,800 down
$679,200 loan
Principal & interest$4,405
Property tax (est.)$708
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated September 1, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.