1. Florida
2. Eustis
3. 128 E MAGNOLIA AVENUE

128 E MAGNOLIA AVENUE, Eustis, FL 32726

• 7 beds |
• 6 baths |
• 15,820 sqft

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.

Listing Status:

Active

Date Added:

May 1, 2025 at 05:00AM

Listing Office:

MORRIS REALTY AND INVESTMENTS : 352-435-4663

Listing Agent:

Scott Strem : 352-435-4663

MLS ID:

G5096494

Interior

• General: Other
• Laundry: Common AreaLaundry ClosetUpper Level
• Basement: Other
• A/C: Central AirZoned
• Heating: CentralElectricNatural GasZoned

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Scott Strem, MORRIS REALTY AND INVESTMENTS