127 N Grove Street, EUSTIS, FL 32726
Local realty services provided by:ERA Grizzard Real Estate
Listed by:wesley owen
Office:sim rei
MLS#:O6340873
Source:MFRMLS
Price summary
- Price:$2,495,000
- Price per sq. ft.:$115.37
About this home
Prime Mixed-Use Investment Property – Fully Renovated & Income Producing
This exceptionally well-maintained mixed-use property offers the perfect blend of stable income, modern upgrades, and prime location visibility. With 10 commercial units on the ground floor and 9 residential units upstairs, this building is an ideal investment opportunity with strong long-term tenants already in place.
Key Features & Upgrades:
Completely re-wired and re-plumbed in 2017–2018.
All new AC units 2017/2018, plus new windows throughout (except 1st floor storefront windows facing Grove St).
Roof re-coated (July 2025) and building repainted (July 2025) for long-term durability and curb appeal.
Fully sprinkled with fire and smoke alarm monitoring.
Ample onsite parking with 33 dedicated spaces, plus additional street parking for tenants and customers.
Tenant Mix & Income Highlights:
10 Commercial Units (Downstairs): Occupied by established, long-term tenants with a strong history of success.
9 Residential Units (Upstairs): Stable residential occupancy with updated living spaces.
Seller Lease-Back: Seller to lease one commercial unit for 12 months at $1,000/month, providing immediate, guaranteed rental income.
Water/Sewer bill back on some commercial and residential tenants.
Investment Advantages:
Rare opportunity to acquire a fully updated, income-generating property with strong tenant retention.
Mixed-use diversity ensures income stability across both residential and commercial markets.
Turnkey condition—minimal capital improvements needed thanks to extensive renovations and recent updates.
This property benefits from high visibility, steady traffic, and excellent accessibility.
Contact an agent
Home facts
- Year built:1930
- Listing ID #:O6340873
- Added:11 day(s) ago
- Updated:September 16, 2025 at 01:23 PM
Rooms and interior
- Bedrooms:9
- Total bathrooms:9
- Living area:21,626 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
Structure and exterior
- Roof:Membrane
- Year built:1930
- Building area:21,626 sq. ft.
- Lot area:0.38 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,495,000
- Price per sq. ft.:$115.37
- Tax amount:$24,644 (2024)
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