FL
Lake
EUSTIS
32726
128 E MAGNOLIA AVENUE
128 E MAGNOLIA AVENUE, EUSTIS, FL 32726
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Listing Type
Commercial/Industrial
Listing Status
active
76
$2,490,000

Home Details for 128 E MAGNOLIA AVENUE

Price
$2,490,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
15820
Year built
1927
Lot size acres
0.19
County
Lake
Garage
Basement
Other
Days on site
152
MLS Listing#
G5096179
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.

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Property Features
  • Heating Information
    • Central
    • Electric
    • Natural Gas
    • Zoned
  • Utilities
    • Electricity Available
    • Natural Gas Available
    • Other
    • Water Connected
  • Cooling Information
    • Central Air
    • Zoned
  • Waterfront and Water Access
    • Lake Privileges
  • Water Features
    • Public
  • Basement
    • Other
Listing Courtesy: MORRIS REALTY AND INVESTMENTS - 352-435-4663
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright ©2025 MLS GRID. All Rights Reserved.
Last Updated: 2025-04-25 07:15:46
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EXIT REALTY TRI-COUNTY
18640 US Hwy 441, Mount Dora, FL 32757
Office
352 385 3948
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