400 Grove St Eustis, FL 32726
- Retail space
- 14,500 SF
- 0.91 lot acres
Current Use by Public Records
- Delibro Customs / Window Tinting Service / Graphic Designer
- Badcock Home Furniture &more / Bedroom Furniture Store / Mattress Store
Property Details for 400 Grove St
- Year built
- 1975
- Construction
- METAL FRAME
- Lot size
- 0.91 lot acres
- Property size
- 14,500 SF
- Property type
- Retail space
- APN
- 02-19-26-0100-010-00000
- APU
- 21926010001000000
Description
This exceptional 1,786 square foot retail property at 400 S Grove Street, Eustis, FL, presents a compelling investment opportunity. Boasting excellent road frontage on a 0.2-acre lot, this property benefits from a high annual average daily traffic count of 15,000 vehicles, as reported by the Department of Transportation. Currently operating as a tint shop, the property's zoning (RT) allows for diverse uses, offering significant potential for increased income generation. The building features two air-conditioned office spaces equipped with window units, two bathrooms, and a spacious high-bay storage area suitable for larger vehicles and equipment. The property also includes 220v electrical service and a security system in place. An adjacent vacant parcel offers further expansion possibilities, subject to city verification of current and future permitted uses. This property is priced at $289,999 and represents a rare chance to acquire a well-located commercial space with substantial upside potential in a thriving area. Interested parties should independently verify zoning and permitted uses with the city of Eustis.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,090,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,010,000
- 6.5%
- $1,035,000
- 7%
- $1,055,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,080,000
- Geo Method
- $995,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $925,000
- Retail
- $1,035,000
- Mixed-Use
- $980,000
- Hospitality
- $1,165,000
- Educational
- $1,250,000
- Residential Income
- $1,040,000
- Energy
- $1,215,000
- Income-Based Land
- $1,280,000
- Food Service
- $995,000
Location Insight
- Map
- Local Demand
- City
- Eustis
- County
- Lake
- State
- Florida
- Longitude
- -81.6841
- Latitude
- 28.8566
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
