Commercial property in Eustis, Florida 156.08 sq.m. № 1361048

Year Built: 1962 (effective year 1986), featuring durable masonry construction. Features: Includes 3 half-baths, a fenced perimeter, and a covered commercial canopy. Investment Benefits: Tenant in Place: Generating $48,000 annually under a new 2-year lease. Net Operating Income (NOI): $41,000 after expenses, providing a robust 6.1% cap rate based on the asking price. Zoning: General Commercial (GC), allowing flexible use and long-term potential. Location Advantages: Situated in the heart of Eustis on the bustling S Bay St, with high traffic visibility. Proximity to local businesses, schools, and residential neighborhoods. Located in Flood Zone X (no flood insurance required). Financial Details: Tax Assessed Value (2024): $216,200. Listing Price: $675,000. This property is a turn-key investment opportunity with reliable income from an established tenant. Whether expanding your portfolio or securing your next commercial venture, 1749 S Bay St is the perfect choice. Don’t miss out—schedule your showing today!