128 E Rich Ave
Deland, FL 32724
Active
List price
$1,000,000Price cut
Listing courtesy of GREENE REALTY OF FLORIDA LLC, 386-734-2200 (Hailey Graham)
MLS# V4946191 Status Active
Listing updated October 13, 2026
- Sq ft
- 10,322
- Year built
- 1925
About this home
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
- Lot
- 0.44 acres
- Stories
- 2
- Annual taxes
- $2,909
- Subdivision
- Rogers Deland
- County
- Volusia
Virtual tour
Location
Map: OpenFreeMap, © OpenMapTiles, © OpenStreetMap contributors
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