128 E RICH AVENUE, Deland, FL, 32724
1925
10,322 sqft
Prime Downtown DeLand mixed-use opportunity across two downtown parcels, 700901050023 & 700901050030, with strong in-place income and serious upside. Centrally located in a high-traffic, highly visible downtown corridor, this property features currently occupied residential rental units producing steady cash flow, along with income-producing commercial spaces well-suited for retail, office, studio, or service-based users seeking walkability and exposure. Property is currently configured as 8 residential units and 2 commercial units, with 2 of the residential units vacant and needing renovations. Additional workshop and storage space provides flexible utility and potential for added revenue. On-site parking area adds a major advantage for both residential tenants and commercial customers- rare for downtown. Property offers clear value-add potential for investors and business-minded buyers willing to add some TLC to boost rents and maximize long-term returns. Ideal for portfolio growth, owner-user live/work vision, or repositioning play in one of DeLand’s most active and desirable areas. Don't miss the chance to make this rare opportunity yours! **All information provided by public records and/or seller and presumed correct, but to be verified by buyer during due diligence**
Status:
Active
Type:
Commercial
Complex:
ROGERS DELAND
Cooling:
Central Air, None, Wall/Window Unit(s)
Levels:
2
Lot Size:
144 x 132
Acreage:
0.44
Est. Taxes:
$2,909
Construction
Block, Brick, Wood Siding
Days on Market:
28
MLS #:
V4946191
Community Info
School Info
Walk Score
Yelp
Listing courtesy of GREENE REALTY OF FLORIDA LLC 386-734-2200