2880 S Bay STREET, Eustis, FL, 32726 | $799,900

Mom and Pop Pizza shop, Specialty Restaurant, possible Smoke Shop or mixed use possible for this property. Located in one of the busiest parts of Eustis, the corner lot is located right off 441 and 19. Literally a stones throw from 441. How would you like to be the busiest bungalow restaurant in the city of Eustis? This locale is hard to beat. GC zoning, not in a flood zone, loads of parking, drive through possible. Paved parking, and high visibility in a high traffic area. Two entrances off 19 (S. Bay Street) for entrance, as well as 2 back entrances from the shopping plaza behind the store. An Ollies discount store and huge Planet Fitness is located behind this great store. Perfect for many different uses, although some may require zoning modifications. An exceptional opportunity awaits savvy entrepreneurs, whether you're a seasoned Bar or cafe operator or a logical possibility for a trendy restaurant/bar owner. This exclusive listing encompasses their prime location in a well established, busy section of Eustis. This building presents a unique chance to step into a day in the cafe serving different flavored coffees, expresso's, and gelato’s. Be part of the successful in the thriving nightlife venture of serving the many flavored locally brewed beers, IPA's wines, or turn this opportunity into your own Coffee Bar! This business is strategically positioned in the heart of Eustis, and could possibly be granted the opportunity of staying open late, setting it apart in the local scene. This would not only grants access to existing brand recognition, but allow an entrepreneur to create the business he/she has always dreamed of. Seize this moment to make your mark on the day as a cafe, and during the cool evenings of sipping wine, or drinking the locally brewed beer. (May require zoning modifications) Your great opportunity awaits! Since it is located right off 441 and 19, it is a highly trafficked area yet quaint and appealing to the locals, nearing towns and of course tourists and “snowbirds”. There is not a lot of of foot traffic, but add a small outdoor garden area for seating and you might create it. Contact us today for more information, pictures, and to schedule a walk through. YOU WILL BE GLAD YOU DID! Phase one environmental report is available as well as a survey.

Features

  • Property Type: Mixed Use
  • Construction: Wood Frame, Wood Siding
  • Utilities: Electricity Available, Natural Gas Available, Phone Available, Public, Underground Utilities, Water Connected
  • Garage: 19 to 30 Spaces, Over 30 Spaces
  • Levels: 1
  • Heating: Central
  • Cooling: Central Air
  • Units: 1
  • Lot Size: 152 x 158 x 151.5 x 153 +/-
  • Year Built: 1976
  • Approx Sq. Feet: 1,905
  • Acreage: 0.52
  • Est. Taxes: $7,507
  • Lot Desc: Corner Lot, Sidewalk, Sloped, Street Lights
  • MLS#: O6170790
  • Days on Market: 29 days
  • Website: https://www.raveis.com
    /prop/O6170790/2880sbaystreet_eustis_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 5/16/2024 9:05:00 AM)
Listing courtesy of BEAR TEAM REAL ESTATE   Phone: 407-228-1112

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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2880 S Bay STREET, Eustis, FL, 32726

$799,900

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $639,920 $639,920 $639,920
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.945% 7.133% 6.256%
Monthly Tax Payment $626 $626 $626
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,365 $4,253 $5,397
Total Monthly Payment $5,083 $4,971 $6,115

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.