128 E Magnolia Avenue, Eustis, FL 32726
- $1,200,000
- 15,820
- SqFt
- Sold Price
- $1,200,000
- List Price
- $1,500,000
- Status
- Sold
- Days on Market
- 167
- Closing Date
- Dec 01, 2025
- MLS#
- G5096179
- Property Style
- Mixed Use
- Year Built
- 1927
- Living Area
- 15,820
- Lot Size
- 8,308
- Acres
- 0.19
- Total Acreage
- 0 to less than 1/4
- MLS Area Major
- Eustis
Property Description
PRICE DRASTICALLY REDUCED-MUST SELL!!! 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.
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Additional Information
- Taxes Annual
- $22362
- Location
- Central Business District, Historic District, City Limits
- Community Features
- No Deed Restriction
- Property Description
- Two Story
- Utilities
- BB/HS Internet Capable, Electricity Available, Natural Gas Available, Other, Public, Water Connected
- Heating
- Central, Electric, Natural Gas, Zoned
- Air Conditioning
- Central Air, Zoned
- Exterior Construction
- Block, Brick, Concrete
- Foundation
- Basement, Slab
- Pool
- No Pool
- Garage Features
- Parking Spaces - 19 to 30, Curb Parking
- Water Name
- Lake Eustis
- Water View
- Lake - Chain of Lakes
- Water Access
- Lake - Chain of Lakes
- Flood Zone Code
- X
- Parcel ID
- 11-19-26-010005400300
- Legal Description
- EUSTIS LOTS 3, 4, E 1 FT OF LOT 5 BLK 54 PB 1 PG 79 ORB ORB 3345 PGS 1389 & 1391
Listing courtesy of MORRIS REALTY AND INVESTMENTS. 352-435-4663
Selling Office: NARROW ROAD REALTY.Mortgage Calculator
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