351-355 Us Highway 441 Eustis, FL
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Strategic location with redevelopment potential for retail or medical facility.
Type:RETAIL
Property size:
35,722 SFLot size:
5.22 AcresPrice / SF:
$153/SF- Added:
- Mar 12, 2025
- Days on Market:
- 410
- Last Refresh:
- Apr 5 at 9:31 pm
Property Features for 351-355 Us Highway 441
General Information
- Standard status
- Active
- Size
- 35,722 SF
- Lot size
- 5.22 Acres
- Property subtype
- RETAIL
Listing agent Sean Glickman
Listing office Cushman & Wakefield | Orlando (407) 841-8000
Listing date Mar 12, 2025
Source Moodyscre
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All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield | Orlando
Overview
Eustis Retail Redevelopment Opportunity
This property presents a significant value-add potential, with current tenant rents below market rates. It offers an excellent redevelopment opportunity for a mixed-use project, potentially including retail, medical, and multifamily components, while allowing for continued cash flow until redevelopment begins. A potential new retail or medical center could be established at this location. Situated at a strategic intersection on SR 441, the property benefits from high traffic volume, with 41,190 cars per day on Hwy 441 and 17,834 cars per day on Bay Street, the main road into Eustis. Its location offers 100% visibility and access, making it ideal for redevelopment as a medical facility, a grocery-anchored center, or another high-quality retail center. The property is a service-oriented and recession-resilient strip center with tenants having tenure starting in 2016, with major renovations completed in 2016. New roofs were installed in 2020 and 2024. The surrounding area within a 3 to 5-mile radius is home to over 40,706 and 81,170 residents respectively, with an average household income exceeding $75,000 per year. The immediate vicinity includes multiple hospitals and other major employers, serving tens of thousands of residents and retirees. The Lake County NNN rental rate is $27 per square foot, with a low vacancy rate of 2.8%. Nearby retailers include Publix, Olie’s Bargains, McDonald’s, Tractor Supply, Big Lots, Save A Lot, Burger King, Starbucks, Pizza Hut, and Applebee’s. The property size is 35,722 square feet.
Location Intelligence
Current Use by Public Records
Strip malls
Location Insight
- Map
- Local Demand
- City
- Eustis
- County
- Lake
- State
- Florida
- Longitude
- -81.6888
- Latitude
- 28.8242
Nearby Similar for Sale
FAQs
What type of property is this?
Strip mall - Strategic location with redevelopment potential for retail or medical facility.
Where is this strip mall located?
The property is located at 351-355 Us Highway 441 Eustis, FL.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Strategic location at the busiest intersection in Eustis (SR 441 & Bay Street) with high traffic counts (41,190 & 17,834 cars per day).; Excellent redevelopment opportunity for mixed‑use projects (retail, medical, multifamily).; Significant value‑add potential with below‑market rents.
