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SOLD: 29 East Magnolia Avenue in Eustis, Florida


Eustis, Florida

0.13 Acres


Property Type: Restaurant, Retail

Location: 29 East Magnolia Avenue, Eustis, Florida 32726

County: Lake

This beautifully maintained historic property is centrally located in the tree shaded lakeside historic district of downtown Eustis, Florida. The property is in the heart of the business and commerce district of Eustis which is located midway between Ocala and Orlando, just a few miles from Mount Dora, and a short drive east from Leesburg and The Villages.

 The 9,655 +/- sf buildings, on .13 +/- acres, were built in 1905 but have undergone recent extensive renovations and improvements including roofing, awnings, new flooring and paint. Top of the line appliances and furnishings add to the value of this one of a kind property. The property is currently income producing and is expected to generate an NOI of $101,292 per year. One building is currently being used  as a restaurant (Tillie’s Tavern & Grill) and the other houses three AirBnB units (seen here: AirBnB) along with a gorgeous, fully furnished owner’s unit. This gem is too good to pass up.

Description: Zoning is Mixed Use