Property Description

GREAT OPPORTUNITY!! MOTIVATED OWNERS! 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.

Features
: Central, Electric, Natural Gas, Zoned
: Central Air, Zoned
: Other
: Parking Spaces - 19 to 30, Curb Parking
: Public Sewer
: Water Connected, Electricity Available, Natural Gas Available, Other, Public, BB/HS Internet Capable
Address Map
US
FL
Lake
Eustis
32726
MAGNOLIA
128
AVENUE
W82° 18' 57.6''
N28° 51' 12.2''
S BAY ST (SR 19N) IN EUSTIS CONTINUE TO N GROVE ST TO LEFT ON E MAGNOLIA, PROPERTY AT CORNER. SIGN ON PROPERTY.
32726 - Eustis
E
Additional Information
: Public
LAKE EUSTIS
https://www.propertypanorama.com/instaview/stellar/G5096179
2
2490000
2025-04-23
: City Limits, Central Business District, Historic District
: Two
: Slab, Basement
Separate Meters
: Block, Brick, Concrete
15820
Financial
22362
Listing Information
260501215
260502719
Cash,Conventional
Active
2025-05-06T23:58:10Z
Stellar
: None
2025-04-24T01:40:01Z

Commercial Sale For Sale

128 E Magnolia Ave, Eustis, Florida 32726

15,820
$2,250,000
Listing ID #G5096179
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : G5096179
Price : $2,250,000
Square Footage : 15,820
Year Built : 1927
Lot Area : 0.19 Acre
Office Name : MORRIS REALTY AND INVESTMENTS
Agent Name : Scott Strem
Property Sub Type : Mixed Use
Listing Status : Active
Agent info
Contact Agent