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$2,250,000
21 Days On Site

128 E MAGNOLIA AVENUE
EUSTIS, FL 32726

For Sale|Mixed Use|Active
0
Beds
0
Full Baths
0
Partial Baths
15,820
SqFt
$142
/SqFt
1927
Built
County:
Lake
Call Now: 407.513.4257
Is this the home for you? We can help make it yours.
407.513.4257
128 E MAGNOLIA AVENUE128 E MAGNOLIA AVENUE128 E MAGNOLIA AVENUE128 E MAGNOLIA AVENUE
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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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Listing Snapshot
Price 
$2,250,000
Days On Site 
21 Days
Bedrooms 
N/A
Inside Area (SqFt) 
15,820 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.19 Acres
Year Built 
1927
MLS® Number 
G5096179
Status 
Active
Property Tax 
$22,362
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
a week agoListing updated with changes from the MLS®
a week agoPrice changed to $2,250,000
3 weeks agoStatus changed to Active
3 weeks agoListing first seen on site
General Features
Acres 
0.19
Foundation 
Slab
Number Of Stories 
2
Property Sub Type 
Mixed Use
Sewer 
Public Sewer
SqFt Total 
15820
Stories 
Two
Utilities 
Electricity AvailableNatural Gas AvailableOtherWater Connected
Water Source 
Public
Interior Features
Basement 
Other
Cooling 
Central AirZoned
Heating 
CentralElectricNatural GasZoned
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Exterior Features
Construction Details 
BlockBrickConcrete
Road Frontage 
City Street
View 
LakeWater
Waterfront Features 
Lake Privileges
Waterview 
LakeWater
Community Features
Financing Terms Available 
CashConventional
MLS Area 
32726 - Eustis
Township 
19
Listing courtesy of MORRIS REALTY AND INVESTMENTS 3524354663



Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2025, Stellar MLS.
Last checked: 2025-05-13 11:33 PM EDT

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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