128 E Magnolia Avenue, EUSTIS, FL 32726
Local realty services provided by:Better Homes and Gardens Real Estate Thomas Group



Listed by:scott strem
Office:morris realty and investments
MLS#:G5096494
Source:MFRMLS
Price summary
- Price:$1,900,000
- Price per sq. ft.:$120.1
About this home
PRICE REDUCED!!! 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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Home facts
- Year built:1927
- Listing Id #:G5096494
- Added:59 day(s) ago
- Updated:August 14, 2025 at 12:11 PM
Rooms and interior
- Bedrooms:7
- Total bathrooms:6
- Living area:15,820 sq. ft.
Heating and cooling
- Cooling:Central Air, Zoned
- Heating:Central, Electric, Natural Gas, Zoned
Structure and exterior
- Year built:1927
- Building area:15,820 sq. ft.
- Lot area:0.19 Acres
Utilities
- Water:Public, Water Connected
- Sewer:Public, Public Sewer
Finances and disclosures
- Price:$1,900,000
- Price per sq. ft.:$120.1
- Tax amount:$22,362 (2024)
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