Listing provided courtesy of GREENE REALTY OF FLORIDA LLCas Distributed by MLSGrid- MLS# MFRV4946191MLS Provider

128 E RICH AVENUEDELAND, FL 32724

Commercial · 10,322 Sq. ft. | 0.44 Acres
$1,300,000 Active

128 E RICH AVENUE Overview

Time on Site:
202 days
Visits:
8

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**

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128 E RICH AVENUE Facts & Features

  • Type Commercial
  • Sq. ft. 10,322
  • Price/Sq.ft. $126
  • Lot 0.44 Acres

Details

General

Building Information

  • New Construction: No
  • Year Built: 1925

Location/Region

  • Country: US
  • County Or Parish: Volusia
  • MLS Area Major: 32724 - Deland
  • Subdivision Name: ROGERS DELAND
  • Township: 17S

Tax Information

  • Tax Annual Amount: 2908.56
  • Tax Year: 2024

General Information

  • Listing Terms: Cash,Conventional
  • Ownership: Corporation
  • Parcel Number: 7009-01-05-0023
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Special Listing Conditions: None
  • Zoning: 05C2

Interior

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Source: Owner
  • Building Area Total: 19012
  • Building Area Units: Square Feet

General Information

  • Cooling: Central Air,None,Wall/Window Unit(s)
  • Foundation Details: Block,Crawlspace,Pillar/Post/Pier,Slab
  • Living Area: 10322
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Stories Total: 2

Exterior

Lot Information

  • Additional Parcels Description: 700901050030
  • Additional Parcels: Yes
  • Lot Size Acres: 0.44
  • Lot Size Dimensions: 144x132
  • Lot Size Square Feet: 19008
  • Number Of Lots: 1
  • Road Surface Type: Paved

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Block,Brick,Wood Siding

General Information

  • Road Frontage Type: City Street

128 E RICH AVENUE Neighborhood

Community

32724 (DELAND) Demographics

44
Median Age
390
Population Density (per sq. mile)
42%
College Educated
$54,234
Estimated Median Income
10,854
Estimated Total Home Owners
4,075
Estimated Total Renters
73% / 27%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

128 E RICH AVENUE Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

128 E RICH AVENUE Market Data

Based on the last 30 days in this zip code

$403,900
Average List Price
$208
Average Price per Square Foot
70
Properties Sold
106
Average Days on Market
396
Properties for Sale
Calculations provided by Reliance Network

128 E RICH AVENUE History

Date Event Value Agent
12/10/2025Source: My Florida Regional MLS Added to Database
December 10, 2025
11/14/2025Source: My Florida Regional MLS Status Change
Leased
7/31/2025Source: My Florida Regional MLS Status Change
Active
7/31/2025Source: My Florida Regional MLS Price Reduction
$1,100 -8.3%
7/31/2025Source: My Florida Regional MLS Status Change
Pending
6/25/2025Source: My Florida Regional MLS Price Reduction
$1,200 -14.3%
5/8/2025Source: My Florida Regional MLS Price Reduction
$1,400 -6.7%
4/3/2025Source: My Florida Regional MLS Added to Database
April 03, 2025