Residential Property - Single Family Residence in Eustis
Listing Price: $280,000 (Mortgage Calculator →)
Description of Property
EXCEPTIONAL INVESTMENT & DEVELOPMENT OPPORTUNITY! Located just off the highly traveled intersection of US HIGHWAY 441 AND S BAY STREET in Eustis, this unique property offers incredible potential for investors, developers, and business owners. The existing home is a FIXER-UPPER and the property has already received APPROVED REZONING FOR COMMERCIAL AND MULTIFAMILY USE, giving the next owner a valuable head start. Whether you choose to renovate the existing home, create an income-producing rental, establish a business, or redevelop the property for commercial or multifamily use (subject to local requirements), the possibilities are extensive. Its location along one of Eustis’ busiest commercial corridors provides EXCELLENT ACCESSIBILITY AND EXPOSURE while remaining just off the main intersection. Conveniently located near DOWNTOWN EUSTIS, shopping, restaurants, medical facilities, schools, and major roadways, this property is positioned in an area experiencing continued growth and redevelopment. The owner has already completed the rezoning process, eliminating a significant hurdle for future development. Properties with this combination of location, zoning flexibility, and investment potential are hard to find. Whether you’re an investor looking for your next project or a developer seeking a prime location, this is an opportunity you won’t want to miss. VACANT. ALL SHOWINGS MUST BE SCHEDULED THROUGH SHOWINGTIME. DO NOT WALK THE PROPERTY OR APPROACH THE HOME WITHOUT A CONFIRMED APPOINTMENT. PROPERTY IS MONITORED. CONTACT LISTING AGENT WITH ANY QUESTIONS.
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Eustis
County: Lake
Subdivision: 2
Bedrooms: 2
Bathrooms: 1
Sq. Ft. Gross: 1,936
Sq. Ft. Living Area: 1,400
Cost per (heated) sqare foot: $200
Year built: 1935
Annual Tax: $612
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Appliances: None
Flooring: Other
Pool & Waterfront Info
Private Pool: Not specified
Exterior & Construction
Construction: Wood Frame
Foundation: Pillar/Post/Pier
Roof: Metal
Exterior Features: Private Mailbox
Floors Total: 2
Floors in Unit: Two
Cooling: Central Air
Heating & Fuel: Electric
Sewer: Public Sewer
Water Source: Public
Lot Information
Lot Size (acres): 0.68
Lot Size (sq. ft.): 29,760 square feet
Lot Dimensions: 120 x 248
Front Exposure: Northwest
Legal Description & Other Information
Financing Available: Cash
Parcel Number: 231926000200002300
Zoning: R-1
Tax Legal Desc.: BEG 640.2 FT E OF NW COR OF SE 1/4 OF NW 1/4, RUN S 49DEG E 411.84 FT, S 40DEG W 170.74 FT FOR POB, RUN S 49DEG E 248 FT, S 40DEG 07MIN W 116.36 FT, N 50DEG 32MIN W 219.56 FT, NE'LY TO POB ORB 1852 PG 0722
Section: 23
Range: 26E
Listing courtesy of EXP REALTY LLC. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.