128 E Magnolia Avenue, Eustis, FL 32726 (MLS # G5096179)

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PRICE $2,490,000 dsIDX morgage calculator
SIZE 15,820 sqft
LOT SIZE 8,277 sqft

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.

DAYS ON MARKET 11 LAST UPDATED 4/23/2025
YEAR BUILT 1927 COMMUNITY 32726 - Eustis
COUNTY Lake STATUS Active
PROPERTY TYPE(S) Commercial


ADDITIONAL DETAILS
AIR Central Air, Zoned
AIR CONDITIONING Yes
AREA 32726 - Eustis
BASEMENT Other, Yes
CONSTRUCTION Block, Brick, Concrete
HEAT Central, Electric, Natural Gas, Zoned
LOT 8276 sq ft
SEWER Public Sewer
STORIES 2
TAXES 22362
UTILITIES Electricity Available, Natural Gas Available, Other, Water Connected
VIEW Yes
VIEW DESCRIPTION Lake, Water
WATER Public
WATER ACCESS LAKE EUSTIS
WATERFRONT DESCRIPTION Lake Privileges
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CONTACT US ABOUT 128 E MAGNOLIA AVENUE
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Listing provided by Scott Strem, MORRIS REALTY AND INVESTMENTS, 352-435-4663
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 5/3/25 7:57 PM PDT.

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