128 E Magnolia Ave - Storefront FOR SALE


Eustis, FL 32726
$2,490,000 USD
352-978-3428
128 E Magnolia Ave, Eustis, FL for Sale
$2,490,000 USD
Storefront - FOR SALE
1/58
null | Request Cap Rate

NEW


128 E Magnolia Ave
Eustis, FL 32726


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,490,000 USD

PRICE/SF

$157 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1927

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,308 SF

ZONING

CBD

APN/PARCEL ID

11-19-26-0100-054-00300

ASK ABOUT THIS PROPERTY

Scott StremMorris Realty & Investments, IncMore Info
352-978-3428

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Scott StremMorris Realty & Investments, IncMore Info
352-978-3428

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.