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$699,000

Active Under Contract

1306 S 14th St, Leesburg, FL 34748

5,603 sq ft

Listing courtesy of FLORIDA HOMES REALTY & MORTGAGE · MLS# OM724518

115 days on market

Refreshed from the Stellar MLS feed . This listing’s MLS record last changed .

About this property

Under contract-accepting backup offers. VALUE-ADD MOTEL OPPORTUNITY IN GROWING LEESBURG, FL! Rare opportunity to acquire the Candlelight Motel, a 13-room independent motel located on the high-visibility US-27 / S 14th St corridor with strong frontage exposure, daily traffic counts, and excellent accessibility. Property features approximately 5,603 SF situated on ~0.60 acres, multiple larger units, on-site parking, and an owner/manager apartment included on-site. Sale includes real estate, FF&E, motel name, goodwill, and operating assets. Ideal opportunity for an owner-operator, hospitality investor, or value-add buyer seeking upside through operational improvements, weekly rentals, repositioning, extended-stay use, or future redevelopment potential. Existing motel use already in place. Strategically located near Downtown Leesburg, Lake Harris, UF Health Leesburg Hospital, retail corridors, restaurants, and major Central Florida travel routes. Strong workforce and extended-stay demand support the area. Seller financing available for qualified buyers with acceptable terms. Property sold AS-IS. Buyers to independently verify all financials, zoning, licensing, occupancy, room count, and all due diligence information. DO NOT DISTURB OWNER OR GUESTS. SHOWINGS BY APPOINTMENT ONLY.

Facts

Property type
Hotel/Motel
Year built
1949
Flood zone
X
Annual taxes
$4,298/yr
Listed
May 11, 2026
MLS #
OM724518

Commercial details

Building & site

Building size
5,603 SF
Lot size
0.58 acres (25,144 SF)
Zoning
R-1
Road frontage
City Street, Highway
Buildings
1

Investor metrics

Price per SF (MLS)
$124.75/SF
Units
13

As reported by the listing broker in the MLS. Not verified by Lasbury-Tracy Realty — confirm with the listing broker before relying on them. We never estimate a cap rate.

Price & status history

  1. Listed for $899,000
  2. Price reduced to $699,000from $799,000

Virtual tour

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Take a tour

Pick a day that suits you — a licensed Lasbury Tracy agent confirms personally, usually within minutes. No account needed.

1306 S 14th St, Leesburg, FL 34748

Listing courtesy of FLORIDA HOMES REALTY & MORTGAGE · MLS# OM724518 · Active Under Contract

How would you like to see it?
Which day?
What time of day?

In person · Thu, Oct 29 · Morning (9-12)

No account, no obligation. Prefer to talk? (941) 474-5585

Where this property is

Opens on aerial — on this coast the canal, the lot and the neighbours answer more questions than a street grid does.

Similar properties

Listing information is provided in part by Stellar MLS, as distributed by MLS GRID. Based on information submitted to the MLS as of Oct 29, 2026, 12:23 AM (ET). All data is obtained from various sources and may not have been verified by broker or MLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.

Lasbury Tracy Realty Inc. · [email protected]