$1,000,000
Active128 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 listingβs 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 DeLandβs 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
- Listed for $1,300,000
- Price reduced to $1,000,000from $1,200,000
Virtual tour
- Property Panorama tourpropertypanorama.comView the virtual tour(opens propertypanorama.com in a new tab)
Opens propertypanorama.com in a new tab.
Tours are hosted by the sellerβs chosen provider, not by Lasbury-Tracy Realty. Opening one loads content from that company and shares your IP address with them.
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
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.



