128 E Magnolia Avenue, Eustis, FL 32726
Local realty services provided by:Better Homes and Gardens Real Estate Synergy
Listed by:scott strem
Office:morris realty and investments
MLS#:G5096494
Source:MFRMLS
Price summary
- Price:$1,500,000
- Price per sq. ft.:$94.82
About this home
PRICE DRASTICALLY REDUCED-MUST SELL!!! 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.
Contact an agent
Home facts
- Year built:1927
- Listing ID #:G5096494
- Added:104 day(s) ago
- Updated:September 29, 2025 at 11:49 AM
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:$1,500,000
- Price per sq. ft.:$94.82
- Tax amount:$22,362 (2024)
New listings near 128 E Magnolia Avenue
- New$395,000Active4 beds 2 baths1,803 sq. ft.
38851 Forest Drive, EUSTIS, FL 32736
MLS# G5102643Listed by: WATSON REALTY CORP - New$105,000Active1 Acres
LOT 2 Royal Trail Rd, EUSTIS, FL 32736
MLS# O6348018Listed by: LOKATION - New$109,000Active2.07 Acres
TBD Chinaberry Way, EUSTIS, FL 32736
MLS# V4945114Listed by: DASH REAL ESTATE COMPANY - New$235,000Active1.9 Acres
24225 Bear Paw Court, EUSTIS, FL 32736
MLS# O6347893Listed by: COLDWELL BANKER REALTY - New$300,000Active3 beds 2 baths1,350 sq. ft.
14 Sun Country Court, EUSTIS, FL 32726
MLS# O6347876Listed by: DON HARKINS REALTY LLC - New$247,900Active3 beds 1 baths1,033 sq. ft.
1230 E Orange Avenue, EUSTIS, FL 32726
MLS# G5102543Listed by: HANSON REAL ESTATE GROUP, INC. - New$360,890Active4 beds 3 baths2,210 sq. ft.
1300 Plumbago Court, EUSTIS, FL 32726
MLS# TB8431556Listed by: HOMECOIN.COM - New$360,000Active4 beds 3 baths2,099 sq. ft.
2566 Limerick Circle, GRAND ISLAND, FL 32735
MLS# G5102468Listed by: OLYMPUS EXECUTIVE REALTY INC - New$54,000Active0.1 Acres
600 E Orange Avenue, EUSTIS, FL 32726
MLS# O6347017Listed by: BHHS FLORIDA REALTY - New$45,000Active0.23 Acres
Morningview Drive, EUSTIS, FL 32726
MLS# O6347025Listed by: BHHS FLORIDA REALTY