128 E Magnolia Avenue Eustis Florida | Home for Sale
To schedule a showing of 128 E Magnolia Avenue, Eustis, Florida, Call David Shippey at 863-521-4517 TODAY!
Eustis, FL 32726
- 7Beds
- 6.00Total Baths
- 0 Full, 0 HalfBaths
- 15,820SqFt
- 1927Year Built
- 0.19Acres
- MLS# G5096494
- Income
- MultiFamily
- Active
- Approx Time on Market3 months,
- Area32726 - Eustis
- CountyLake
- Subdivision Eustis
Overview
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 flexibilityperfect 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 Eustisfondly known as ""Americas Hometown""offers both charm and investment potential in one outstanding package.
Agriculture / Farm
Association Fees / Info
Community Features: Sidewalks
Senior Community: No
Association: ,No,
Bathroom Info
Total Baths: 6.00
Building Info
Roof: Other
Building Area Source: PublicRecords
Buyer Compensation
Exterior Features
Pool Private: No
Fees / Restrictions
Financial
Original Price: $2,490,000
Garage / Parking
Open Parking: No
Attached Garage: No
Garage: No
Carport: No
Green / Env Info
Interior Features
Fireplace: No
Levels: Two
Spa: No
Laundry Features: CommonArea, LaundryCloset, UpperLevel
Interior Features: Other
Lot Info
Direction Remarks: S BAY ST (SR 19N) IN EUSTIS CONTINUE TO N GROVE ST TO LEFT ON E MAGNOLIA, PROPERTY AT CORNER. SIGN ONPROPERTY.
Lot Size Units: Acres
Lot Size Acres: 0.19
Lot Sqft: 8,308
Lot Desc: CityLot, HistoricDistrict
Misc
Other
Special Conditions: None
Other Rooms Info
Basement: Other
Property Info
Section: 11
Class Type: MultiFamily
Property Sub Type: MultiFamily
Property Condition: NewConstruction
Property Attached: No
New Construction: No
Construction Materials: Brick, Block, Concrete
Stories: 2
Foundation: Basement, Slab
Human Modified: Yes
Sqft Info
Sqft: 15,820
Bulding Area Sqft: 15,820
Living Area Units: SquareFeet
Living Area Source: PublicRecords
Tax Info
Tax Year: 2,024
Tax Lot: 5
Tax Legal Description: EUSTIS LOTS 3, 4, E 1 FT OF LOT 5 BLK 54 PB 1 PG 79 ORB ORB 3345 PGS 1389 & 1391
Tax Block: 54
Tax Annual Amount: 22362
Tax Book Number: 1-79
Unit Info
Total Units: 9
Utilities / Hvac
Heating: Central, Electric, NaturalGas, Zoned
Water Source: Public
Sewer: PublicSewer
Cool System: CentralAir, Zoned
Cooling: Yes
Heating: Yes
Utilities: ElectricityAvailable, NaturalGasAvailable, MunicipalUtilities, Other, WaterConnected
Waterfront / Water
Waterfront: No
View: Yes
Water Body Name: LAKE EUSTIS
View: Lake, Water
Directions
S BAY ST (SR 19N) IN EUSTIS CONTINUE TO N GROVE ST TO LEFT ON E MAGNOLIA, PROPERTY AT CORNER. SIGN ONPROPERTY.This listing courtesy of Morris Realty And Investments
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MLS IDX data last updated on 08-02-2025 2:02 AM EST.
If you have any questions on 128 E Magnolia Avenue, Eustis, Florida, please call David Shippey at 863-521-4517.
MLS# G5096494 located at 128 E Magnolia Avenue, Eustis, Florida is brought to you by David Shippey REALTOR®
128 E Magnolia Avenue, Eustis, Florida has 7 Beds, 0 Full Bath, and 0 Half Bath.
The MLS Number for 128 E Magnolia Avenue, Eustis, Florida is G5096494.
The price for 128 E Magnolia Avenue, Eustis, Florida is $2,250,000.
The status of 128 E Magnolia Avenue, Eustis, Florida is Active.
The subdivision of 128 E Magnolia Avenue, Eustis, Florida is Eustis.
The home located at 128 E Magnolia Avenue, Eustis, Florida was built in 2025.
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