About 128 E Rich Avenue
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**
Features of 128 E Rich Avenue
| MLS® # | V4946191 |
|---|---|
| Price | $1,200,000 |
| Square Footage | 10,322 |
| Acres | 0.44 |
| Year Built | 1925 |
| Type | Commercial Sale |
| Sub-Type | Mixed Use |
| Status | Active |
Listing Details
| Office | GREENE REALTY OF FLORIDA LLC |
|---|
Listing Map
Neighborhood Information for 128 E Rich Avenue
Stable Population, Low Residential Turnover
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
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Ese Related Services Public - Preschool to 11Th Grade |
0 Miles | |
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Saint Barnabas Episcopal School Private - Preschool to 8Th Grade - Closest Elementry School |
0 Miles | |
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Saint Peters Catholic School Catholic - Preschool to 8Th Grade - Closest Middle School |
1 Miles | |
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T.o.p. Academy Private - Kindergarten to 8Th Grade |
1 Miles | |
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Highbanks Learning Center Public - 6Th Grade to 12Th Grade |
1 Miles | |
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Casa Montessori Private - Preschool to 6Th Grade |
1 Miles | |
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Children's House Montessori Private - Preschool to 8Th Grade |
1 Miles |
School data provided by GreatSchools