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Turn Key Restaurant-HUB ZONE-downtown Eustis 12 E Magnolia Ave
2,210 - 10,120 SF of Retail Space Available in Eustis, FL 32726
Highlights
- LOCATED in A Qualified HUB ZONE In Downtown Eustis, 200' from Lake Eustis, this beautifully restored building has a large bar & KITCHEN
Space Availability (2)
Display Rent as
- Space
- Size
- Ceiling
- Term
- Rent
- Service Type
| Space | Size | Ceiling | Term | Rent | Service Type | |
| 1st Floor | 7,910 SF | 12 ft - 30 ft | Negotiable | £12.23 /SF/PA £1.02 /SF/MO £131.64 /m²/PA £10.97 /m²/MO £96,735 /PA £8,061 /MO | Triple Net | |
| 2nd Floor | 2,210 SF | 12 ft - 30 ft | Negotiable | £12.23 /SF/PA £1.02 /SF/MO £131.64 /m²/PA £10.97 /m²/MO £27,027 /PA £2,252 /MO | Triple Net |
1st Floor
READY - Turn Key Restaurant with all equipment and furniture and fixtures in Downtown Eustis.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 10,120 SF of adjacent space
- Central Air Conditioning
- Kitchen
- Freezer Space
- Finished Ceilings: 12 ft - 30 ft
- Wooden Floors
- Wheelchair Accessible
- Downtown Turn Key with all furniture and fixtures.
2nd Floor
READY - Turn Key Restaurant with all equipment and furniture and fixtures in Downtown Eustis.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 10,120 SF of adjacent space
- Finished Ceilings: 12 ft - 30 ft
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing agent for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 12 E Magnolia Ave , Eustis, FL 32726
| Property Type | Retail | Year Built/Renovated | 1884/2009 |
| Property Subtype | Restaurant | Parking Ratio | 10.86/1,000 SF |
| Gross Internal Area | 9,204 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Internal Area | 9,204 SF |
| Year Built/Renovated | 1884/2009 |
| Parking Ratio | 10.86/1,000 SF |
About the Property
Historic Gem in Downtown Eustis – Prime Restaurant Space for Rent Location: Historical Downtown Eustis, FL Property Type: Commercial (Restaurant) Description: Step into the charm and elegance of this beautifully restored historic building located in the heart of downtown Eustis. This remarkable property offers an exceptional opportunity for restaurateurs and entrepreneurs looking to establish a thriving business in a vibrant and bustling area. Key Features: Versatile Space: With the capacity to comfortably seat over 300+ patrons, this expansive open-plan layout provides endless possibilities. Whether you envision a bustling restaurant, Event Space, a chic cigar bar, a brewery or whiskey bar, a lively game room, or a unique retail store, this space can be tailored to suit your creative vision. Turn-Key Kitchen: The kitchen is in immaculate, turn-key condition, equipped with high-quality, fully functional appliances, ensuring a seamless transition for your culinary operations. Complete Furnishings: The Rental includes all necessary furnishings, such as tables, chairs, and bar stools, allowing you to focus on what matters most – delighting your guests and growing your business. Historic Ambiance: The building retains its historic charm, with thoughtful restorations that enhance its character while providing modern conveniences. This unique blend of old and new creates a welcoming atmosphere that patrons will love. Prime Location: Situated in the lively and historic downtown Eustis, this property enjoys high foot traffic and visibility. Your business will benefit from the area’s established reputation. Potential Uses: Full-service restaurant Private Event Space Retail store Cigar bar Game room The opportunities are endless for a creative mind ready to make their mark on this storied building. Additional Information: Seating Capacity: 300+ patrons Includes: All tables, chairs, and bar stools Condition: Turn-key, ready for immediate use Don’t miss out on this rare opportunity to own a piece of Eustis history and create a landmark destination for locals and visitors alike. For more information or to schedule a private showing, please contact us today. Highlights of the building: $15.50 Triple Net (Taxes and Insurance) 1. Prime location on Magnolia Ave in Downtown Eustis 2. Absolutely Beautiful and charming, newly renovated 3. Approx. 10,000 s/f with front balcony overlooking downtown and the back balcony looking over the center of the restaurant. 4. Space for Private Events 5. Ceilings are approx. 30’ high 6. Beautiful Refinished Bar 7. Exposed Brick Walls 8. Large Turnkey Kitchen fully equipped 9. Room for outdoor seating 10. Seating for 300 plus 11. Large restored Bar Highlights on Eustis and the Golden Triangle Area (Eustis, Mount Dora and Tavares) 1. $75 - $100 million + downtown revitalization Project in the works for Downtown Eustis 2. Lake County is the 3rd fastest growing county in Florida 3. Live Work Play Downtown Environment 4. Beautiful Lakefront Town 5. Monthly City Events in Downtown 6. Open Container in Entertainment district 7. AADT 29,000+ 8. Average household income in Eustis (Golden Triangle Area) is $73,223 9. Rooftops -1 mile: 2,273 – -3 mile: 13,406 – -5 mile: 28,449 – -10 mile: 55,731 10. Average Age 40 years
- Air Conditioning
- Balcony
-
George Asbate -
MEGA Properties
Presented by
Turn Key Restaurant-HUB ZONE-downtown Eustis | 12 E Magnolia Ave
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