4,292 SF - COMMERCIAL RETAIL / OFFICE EUSTIS 2803 S Bay St 4,292 SF 100% Leased Office Building Eustis, FL 32726 $1,100,000 ($256.29/SF)

2803 S Bay Street is a premier commercial / office asset that has been completely modernized and refurbished within the past year. The original building was constructed in 1986 as a 3,122 SF bank property. A recently constructed addition has added 1,170 SF to bring the current heated square footage to 4,292 SF. The property is presently vacant and suitable for an owner-user or investor.
The property is located on a .77 (+/-) parcel just off of Bay Street / SR19 (24,000 AADT) the north-south business thoroughfare of Eustis, FL. The attractively landscaped and tree shaded site includes 15,671 SF of paved parking surface. The parcel additionally fronts S. Grove Street with cross-access easements from S. Bay Street to S. Grove Street. The property is easily accessible from the Bay Street Business area and is less than 700 feet from the SR19 entrance ramps to US 441 just to the south. US 441 is the primary arterial roadway of northern Lake County with 50,500 AADT, linking the property and Eustis with the nearby Cities of Mount Dora, Tavares and Leesburg and with the Orlando Metropolitan area to the southeast.
The single-story building includes multiple individual offices and large open workspaces / assembly rooms. The building is accessed via an entry-way reception area. The current building layout includes five private offices, two open work areas of over 1,000 SF each, additional multi-use space, two finished break areas, storage spaces, restrooms and the original bank safe. The larger open area includes a ceiling height of sixteen feet. Large windows in each room fill the interior with natural light while enhancing the property’s modern architectural appeal and professional atmosphere. The new property refurbishments have been completed with upscale and professional finishes and trim. HVAC’s, systems and roof are new and/or recently improved.
This stylish property offers owner/users an attractive work environment with high-end features in a private setting. The property offers investors an updated, easily maintained facility that will be of great interest to professional tenants. The property is ideally suited for use for commercial and professional services. Potential uses include, but are not limited to: Medical Services, Clinics and Physician’s Offices; Dental Services; Adult and Child Day Care facilities; Law Firms; Engineering and Construction Services: Financial Services; Professional Office Users; Financial Services; Insurance Offices; Sales and Distribution Firms; Fitness Centers, Gyms; Spa, Salons and Personal Care Services; Restaurants; Event Centers; Churches; Schools; and Institutional Users. The property is perfect for an owner-user who occupies a portion of the property and leases the rest for investment purposes.
The property is strategically located in the Lake County City of Eustis, one of Florida’s fastest growing communities. Eustis reports a population of 25,483 with a growth rate of 1.79% annually. Eustis sits in the heart of North Lake County, providing convenient access to Orlando, Sanford and Lake Mary, The Villages, Florida’s Turnpike, SR-429, and US Hwy 441. The Lake County Seat and government offices are in the adjacent City of Tavares just a mile to the southwest. This central location allows businesses to serve a broad regional customer base while avoiding many of the higher operating costs associated with larger metropolitan areas.
The City of Eustis provides a business-friendly environment and actively encourages economic development. The city actively promotes economic development incentives.
Benefits of a Eustis business location compared to many Central Florida markets include; lower commercial real estate costs; competitive property values, lower operating expenses; access to a growing labor force; reduced overhead while maintaining proximity to Orlando's economy.
The surrounding northern Lake County areas continue to experience steady residential growth, bringing new customers into the region each year. These new customers are changing the character of Eustis with expanding residential communities, strong retail activity, growing household incomes and increasing demand for professional services, healthcare, dining, retail, and entertainment.
This easily accessible location and the modern Eustis and Lake County business environments provide business owners at this location with numerous benefits and significant potential for growth!