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Lasbury Tracy Realty Inc
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$1,000,000

Active

128 E Rich Ave, Deland, FL 32724

10,322 sq ft

Listing courtesy of GREENE REALTY OF FLORIDA LLC Β· MLS# V4946191

322 days on market

Refreshed from the Stellar MLS feed . This listing’s MLS record last changed .

About this property

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**

Facts

Property type
Mixed Use
Year built
1925
Flood zone
X
Annual taxes
$2,909/yr
Listed
Dec 10, 2025
MLS #
V4946191

Commercial details

Building & site

Building size
19,012 SF
Lot size
0.44 acres (19,008 SF)
Zoning
05C2
Road frontage
City Street
Buildings
3

Investor metrics

Price per SF (MLS)
$52.60/SF

As reported by the listing broker in the MLS. Not verified by Lasbury-Tracy Realty β€” confirm with the listing broker before relying on them. We never estimate a cap rate.

Price & status history

  1. Listed for $1,300,000
  2. Price reduced to $1,000,000from $1,200,000

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Take a tour

Pick a day that suits you β€” a licensed Lasbury Tracy agent confirms personally, usually within minutes. No account needed.

128 E Rich Ave, Deland, FL 32724

Listing courtesy of GREENE REALTY OF FLORIDA LLC Β· MLS# V4946191 Β· Active

How would you like to see it?
Which day?
What time of day?

In person Β· Thu, Oct 29 Β· Morning (9-12)

No account, no obligation. Prefer to talk? (941) 474-5585

Where this property is

Opens on aerial β€” on this coast the canal, the lot and the neighbours answer more questions than a street grid does.

Similar properties

Listing information is provided in part by Stellar MLS, as distributed by MLS GRID. Based on information submitted to the MLS as of Oct 28, 2026, 11:30 PM (ET). All data is obtained from various sources and may not have been verified by broker or MLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively 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. Some IDX listings have been excluded from this website.

Lasbury Tracy Realty Inc. Β· [email protected]