EXCEPTIONAL INVESTMENT & DEVELOPMENT OPPORTUNITY! Located just off the highly traveled intersection of US HIGHWAY 441 AND S BAY STREET in Eustis, this unique property offers incredible potential for investors, developers, and business owners. The existing home is a FIXER-UPPER and the property has already received APPROVED REZONING FOR COMMERCIAL AND MULTIFAMILY USE, giving the next owner a valuable head start.
Whether you choose to renovate the existing home, create an income-producing rental, establish a business, or redevelop the property for commercial or multifamily use (subject to local requirements), the possibilities are extensive. Its location along one of Eustis’ busiest commercial corridors provides EXCELLENT ACCESSIBILITY AND EXPOSURE while remaining just off the main intersection.
Conveniently located near DOWNTOWN EUSTIS, shopping, restaurants, medical facilities, schools, and major roadways, this property is positioned in an area experiencing continued growth and redevelopment.
The owner has already completed the rezoning process, eliminating a significant hurdle for future development. Properties with this combination of location, zoning flexibility, and investment potential are hard to find. Whether you’re an investor looking for your next project or a developer seeking a prime location, this is an opportunity you won’t want to miss.
VACANT. ALL SHOWINGS MUST BE SCHEDULED THROUGH SHOWINGTIME. DO NOT WALK THE PROPERTY OR APPROACH THE HOME WITHOUT A CONFIRMED APPOINTMENT. PROPERTY IS MONITORED. CONTACT LISTING AGENT WITH ANY QUESTIONS.
Property Details
- Interior
- Ninguno
- Heating
- Electric
- Cooling Features
- Central Air
- Bedrooms
- 2
- Bathrooms
- 1.0
- Full Baths
- 1
- Stories
- 2
- Exterior Materials
- Other, Private Mailbox
- Acres
- 0.68
- Square Feet
- 1936.0
- Parking Garage Spaces
- 0.0
- Property Type
- Purchase
- Year Built
- 1935
- Foundation
- Pillar/Post/Pier
- Roof
- Metal
- Sewer Information
- Public Sewer
- Utility Source
- Public
- Utility Features
- Cable Connected, Electricity Connected, Sewer Connected
- Subdivision
- 0002
- County
- Lake
- Region
- EUSTIS
- Zoning
- R-1
- Original List Price
- $280,000
- Days on Market (Cumulative)
- 55
- Taxes Annual
- $612
- Ownership
- Fee Simple
- MLS #
- O6425935
- Property Subtype
- Single Family Residence
- Parcel Number
- 23-19-26-0002-000-02300
- MLS #
- O6425935
- Property Condition
- Fixer
- Date Listed
- July 09, 2026
- Address
- 2979 S GROVE STREET
Location
Legal
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: George Fleischmann | AveNew Realty
Provided By
Listed by Gencher Lafleur (#MFR261239698)
Listing Office: EXP REALTY LLC (#MFR261244362)
