527 E LEMON AVENUE

Commercial For Sale

$629,000

BTC: 9.82812500

ETH: 394.43402793

23 days

For Sale

Commercial

0 room(s) •

5,415 sqft

Overview

Investment Opportunity – 6-Unit Multifamily Property Near Historic Downtown Eustis. Great opportunity to acquire a 6-unit multifamily property located just minutes from historic downtown Eustis, waterfront parks, shopping, dining, and entertainment. Originally built in 1919, this income-producing property offers historic character combined with significant upside potential. The property consists of six residential units with four units currently occupied and two vacant units currently available for lease, providing an immediate opportunity to increase cash flow. Unit mix includes one 3-bedroom/2-bath unit, one 2-bedroom/1-bath unit, and four 1-bedroom/1-bath units. Several tenants have established rental histories, with a combination of long-term occupants and month-to-month tenancy providing flexibility for future management strategies. Conveniently located within close proximity to downtown Eustis and major transportation corridors, the property is well-positioned to benefit from continued growth throughout Lake County. With two vacant units ready for lease-up and several existing rents offering potential for future adjustment, investors have the opportunity to increase income and maximize returns. This property presents an excellent opportunity for investors seeking a value-add multifamily asset with much of the heavy lifting already completed. Rent roll, lease information, and operating expense summary available upon request. Buyer to verify all measurements, zoning, future use, financial projections, and all information deemed important to the buyer. Do not disturb tenants. Showings by appointment only.

Location

Florida • EUSTIS • 32726 • Commercial • For Sale

Details

Type:

Commercial Sale

Parking:

No Data

Year Built:

1919

Lot:

0.57 Acres

Heating:

Natural Gas

Price/sqft:

$116

Cooling:

Wall/Window Unit(s)

HOA:

No Data

Type:

Commercial Sale

Parking:

No Data

Year Built:

1919

Lot:

0.57 Acres

Heating:

Natural Gas

Price/sqft:

$116

Cooling:

Wall/Window Unit(s)

HOA:

No Data

Private inquiry

Talk to the advisor on this listing.

Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

Highlights

Annual tax

$7,283

2025

All facts and features

Heating

• Natural Gas

Cooling

• Wall/Window Unit(s)
Property

• Levels: Two

Lot

• Lot: 0.57 Acres

Other Property Information

• Parcel Number: 111926010007600007

• Zoning: SR
Type and style

• Property Type: Commercial Sale

• Property Sub Type: Multi Family (5+)
Utility

• Electricity Available

• Natural Gas Available
Other financial information

• Annual tax amount: $7,283
Source details

• MLS ID: G5113226

Other facts

• Construction Materials: Wood Frame

• Foundation Details: Crawlspace

• Lot Features: Corner Lot / Sidewalk

• Living Area: 5415

• Water Source: Public

• Lot Size Dimensions: 138 x 180

• Subdivision Name: EUSTIS

Private inquiry

Talk to the advisor on this listing.

Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: ORISON PROPERTIES INC.

527 E LEMON AVENUE

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