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$1,300,000
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Property Description
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**
Full Property Details
Full Property Details for 128 E Rich Ave
General
- Price: $1,300,000
- Taxes: $2,908 (2024)
- Status: Active
- Type: Commercial
- Source: MidFloridaRegionalMLS
- MLS ID: V4946191
- Updated: 1/7/2026
- Added to Site: 62 day(s) ago
Location
- Area: 32724 - Deland
- County: Volusia
- Development Name: 32724 - Deland
- Subdivision: ROGERS DELAND
- Driving Directions: Heading North on Woodland Blvd - Turn right onto E Rich Ave - Properties are on the right. 122-128 E Rich Ave.
Community
- Community Name: 32724 - Deland
Heating & Cooling
- Cooling Type: Central Air, None, Wall/Window Unit(s)
Structural Information
- # Buildings: 3
- Exterior Const.: Block, Brick, Wood Siding
- Square Feet: 10,322
- Sq. Ft. Source: Public Records
- Year Built: 1925
Lot Features
- Lot Size (Acres): 0.44
- Lot Size (Sq. Ft.): 19,008
- Lot Size: 19008
- Lot Dimensions: 144 x 132
- Frontage: City Street
- Street/Road Desc.: Paved
Financial Considerations
- Tax Amount: $2,908.56
- Tax Year: 2024
Disclosures and Reports
- Ownership: Corporation
- Special Conditions: None
- Legal Description: PARCEL #1: W 61 FT OF N 1/2 OF LOT 2 & E 3 FT OF N 60 FT OF LOT 3 BLK 5 DELAND PER OR 2750 PG 0713 PARCEL #2: E 83 FT OF N 1/2 OF LOT 3 EXC E 3 FT OF N 60 FT BLK 5 DELAND PER OR 4255 PG 3358
- Flood Zone Info: X
- APN: 700901050023
- Property ID: 700901050023
- Block/Lot/Section: 5
Listed by Greene Realty Of Florida Llc
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Schools
Schools serving 128 E Rich Ave
School District:Volusia County School District
| Name | Grades | Distance |
|---|---|---|
Deland High School 800 North Hill Avenue, DeLand, FL 32724 | 9-12 | 1.3 mi |
Blue Lake Elementary School, DeLand, FL 282 North Blue Lake Avenue, DeLand, FL 32724 | PK-5 | 1.7 mi |
Deland Middle School 1400 Aquarius Avenue, DeLand, FL 32724 | 6-8 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 128 E Rich Ave
Date
Details
Price
Change
Source
12/10/2025
Listed
$1,300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 128 E Rich Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,909
—
$203,451
-1%
2024
$2,909
7%
$204,538
8%
2023
$2,712
26%
$189,237
81%
2021
$2,148
-15%
$104,581
-40%
2022
$2,517
17%
$173,490
65%
2021
$2,148
-3%
$105,229
3%
2019
$2,212
2%
$102,472
6%
2018
$2,170
-3%
$96,390
—
2017
$2,241
5%
$96,099
3%
2016
$2,139
3%
$93,143
6%
2015
$2,078
3%
$87,572
5%
2014
$2,017
1%
$83,063
4%
2013
$1,994
—
$79,909
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 128 E Rich Ave
128 E Rich Avenue, Deland, FL 32724 (MLS# V4946191) is a Commercial property. 128 E Rich Avenue is currently listed for $1,300,000 and was received on December 10, 2025. Want to learn more about 128 E Rich Avenue? Do you have questions about finding other Commercial real estate for sale in Deland? You can browse all Deland real estate or contact a Coldwell Banker agent to request more information.

