Active

$2,490,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 15820 sq ft
Overview
  • ID: MFRG5096179
  • Bedrooms:
  • Bathrooms: 0
  • Size: 15820 sq ft
Property Details
Remarks
GREAT OPPORTUNITY!! Discover an exceptional investment or owner-user opportunity in the heart of historic Downtown Eustis. This beautifully maintained building exudes classic architectural charm while offering a range of modern upgrades, making it both visually appealing and functionally ready. Improvements include a new roof within the past five years, several new A/C units, updated windows, electrical upgrades, and updated plumbing. The spacious ground floor features nearly 8,000 square feet of open-concept showroom or retail space, complete with a private office and storage area, two ADA-compliant restrooms, and even a basement storage area. A second storefront entrance on the main level provides flexibility—perfect for use alongside the primary space or as a separate rental for additional income. Upstairs, you'll find approximately 3,000 square feet of fully renovated office space, including multiple offices, restrooms, and a breakroom, ideal for leasing or expanding business operations. Adding to the value, the building includes six income-producing, separately metered residential apartments— 5 one-bedroom/one-bath units and 1 two-bedroom/one-bath unit. Tenants enjoy the convenience of a shared laundry facility, while the property benefits from modern amenities such as a wired security system with surveillance cameras, keyless hall entry, and remote-controlled HVAC thermostats. Parking is a breeze with ample street parking out front and a city-maintained lot directly beside the building. Located in a vibrant downtown district undergoing ongoing revitalization, this property is surrounded by flourishing retail, dining, and office establishments. With its brick-lined streets, nearby parks, and stunning views of Lake Eustis and Ferran Park, downtown Eustis—fondly known as "America’s Hometown"—offers both charm and investment potential in one outstanding package.
Financial Considerations
Price:
$2,490,000
HOA Fee:
N/A
Tax Amount:
$22362
Price per SqFt:
$157.4
Tax Legal Description:
EUSTIS LOTS 3, 4, E 1 FT OF LOT 5 BLK 54 PB 1 PG 79 ORB ORB 3345 PGS 1389 & 1391
Exterior Features
Lot Size:
8308
Lot Features:
Central Business District, Historic District, City Limits
Waterfront:
No
Parking Spaces:
N/A
Parking:
Parking Spaces - 19 to 30, Curb Parking
Roof:
N/A
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
Central, Electric, Natural Gas, Zoned
Cooling:
Central Air, Zoned
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
Two
Additional Features
Property Sub Type:
Mixed Use
Style:
N/A
Year Built:
1927
Construction Type:
Block, Brick, Concrete
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    128 E MAGNOLIA AVE
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