128 E MAGNOLIA AVE new Save Request In-Person Tour Request Virtual Tour
Eustis,FL 32726
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 15,820 sqft
Price per Sqft $157
MLS Listing ID G5096179
Construction Status Completed
HOA Y/N No
Originating Board Stellar MLS
Year Built 1927
Annual Tax Amount $22,362
Lot Size 8,276 Sqft
Acres 0.19
Property Sub-Type Mixed Use
Property Description
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.
Location
State FL
County Lake
Area 32726 - Eustis
Interior
Heating Central,Electric,Natural Gas,Zoned
Cooling Central Air,Zoned
Exterior
Parking Features Parking Spaces - 19 to 30,Curb Parking
Utilities Available BB/HS Internet Capable,Electricity Available,Natural Gas Available,Other,Public,Water Connected
View Y/N Yes
Water Access Yes
Water Access Desc Lake - Chain of Lakes
Building
Lot Description Central Business District,Historic District,City Limits
Story 2
Entry Level Two
Foundation Basement,Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block,Brick,Concrete
New Construction false
Construction Status Completed
Others
Ownership Corporation
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/G5096179