29 East Magnolia Avenue

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 and has undergone extensive recent 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 $88,577 per year, which is an 8% cap on the curret asking price. One building is currently being used as a restaurant (Tillie’s Tavern & Grill) and the other houses four apartment units, one of which is the gorgeous owner’s unit. This gem is too good to pass up.