EUSTIS, FL 32726 128 E MAGNOLIA AVENUE

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Presented By: MORRIS REALTY AND INVESTMENTS with 352-435-4663. - 352-435-4663
  • MLS# G5096179
  • 04/24/2025
  • Request Tour
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  • SQFT • 15,820

Home Details

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.
Presented By: MORRIS REALTY AND INVESTMENTS with 352-435-4663. - 352-435-4663

Interior Features for 128 E MAGNOLIA AVENUE

Bathrooms

Total Baths

Other Interior Features

LivingAreaSourcepublic records
Air Conditioning Y/NYes
Basementother
Heating Y/NYes
Total Stories2

General for 128 E MAGNOLIA AVENUE

Additional Parcels Y/NNo
Body of Waterlake eustis
Building Area Unitssquare feet
Building Featurescolumns, common lighting, high bays
Cityeustis
Construction Materialsblock, brick, concrete
Coolingcentral air, zoned
Countylake
Directionss bay st (sr 19n) in eustis continue to n grove st to left on e magnolia, property at corner. sign on property.
Electricseparate meters
Flood Zone Codex
Flood Zone Code XY
HOANo
Heatingcentral, central individual, electric, natural gas, zoned
Legal Descriptioneustis lots 3, 4, e 1 ft of lot 5 blk 54 pb 1 pg 79 orb orb 3345 pgs 1389 & 1391
Levelstwo
Listing Termscash, conventional
Living Area Unitssquare feet
Lot Size Square Feet8308
Lot Size Unitssquare feet
MLS Area32726 - eustis
ModificationTimestamp2025-04-25t12:47:29.793z
New ConstructionNo
Ownershipcorporation
Property Conditioncompleted
Property Subtypemixed use
Property Typecommercial sale
Sewerpublic sewer
Standard Statusactive
Statusactive
Tax Annual Amount22362
Tax Lot5
Tax Year2024
Utilitiesbb/hs internet capable, electricity available, natural gas available, other, public, water connected
Virtual TourClick here
Water Access Typelake - chain of lakes
Water Access Y/NYes
Water Viewlake - chain of lakes
Water View Y/NYes
Waterfront Y/NNo
Year Built1927

Exterior for 128 E MAGNOLIA AVENUE

Building Area Total15820
Foundation Detailsbasement, slab
Lot Featurescentral business district, historic district, city lot
Lot Size Acres0.19
Lot Size Area8308
Number of Buildings1
Parking Features19 to 30 spaces, curb parking
Road Frontage Typecity street
Road Responsibilitypublic maintained road
Road Surface Typebrick
Water Sourcepublic

Additional Details

Price History

Jonathan Alsaka

Price $2,490,000
MLS#G5096179
List Date 04/24/2025
Property Type Commercial
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