Commercial Sale · Mixed Use
128 E RICH AVENUE, DELAND, FL, 32724
Active237 days on marketListed Dec 10, 2025MLS #V4946191
About this property
The property at a glance
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**
19,012
Building sq ft
$63
Price / sq ft
0.44
Lot acres
1925
Year built
3
Buildings
05C2
Zoning
Mixed Use
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$5,798/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Eric to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
608
Population
$27,556
Median income
33
Median age
2
Avg household
$113,946
Median home value
$911/mo
Median rent
29%
Households w/ kids
Consumer profile
Passionate about style, smart chic searches high and low for the perfect look - but not one that will break the bank.
Morning java. Cup of Joe. Caffeine in an IV. Whatever they call it, this population loves coffee and the culture around it.
Thirst isn't the only reason this population looks for a good brew. From beer drinkers on a budget to the millennial craft beer enthusiast, these men and women are passionate about different kinds of beer and how it's made.
From girls night out to a movie night in with their closest gal pals, this population is all about getting the girls together for an evening of fun.
These people are hunting discounts, contests, and promotions. The population loves a good sale, and they can't wait to share their bargain finds and winnings with friends and family.
The only thing more beautiful than handmade decor? The hands that made it. This population appreciates the time and care put into one-of-a-kind pieces.
Recent sales
What actually sold near 128 E RICH AVENUE
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$1,650,000
212 E NEW YORK AVENUE
11,226 sqft · $147/sqft · Sold Oct 1, 2025
$1,275,000
635 S WOODLAND BOULEVARD
7,581 sqft · $168/sqft · Sold Jan 30, 2026
$10,000
320 S SPRING GARDEN AVENUE
13,432 sqft · $1/sqft · Sold Sep 12, 2025
Your team
The pros in your corner
Your agent
Eric Chery
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 128 E RICH AVENUE — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 128 E RICH AVENUE.
See it in person
Schedule a tour
Pick a day that works — this goes straight to Eric's phone and CRM.
Keep looking
Similar properties nearby
Listing courtesy of GREENE REALTY OF FLORIDA LLC · Hailey Graham. MLS #V4946191.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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