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$1,200,000

128 Rich Avenue

Deland, FL 32724

Listing updated: July 30, 2026 at 7:23 PM ET

Active

Listing courtesy of Greene Realty Of Florida Llc · Hailey Graham · MLS #V4946191 · Active · 386-734-2200

Baths

10,322

Sq Ft

0.44

Acres

1925

Built

◆$63/sqft◆360° tour

Mixed Use

Property type

1925

Year built

19,008 sqft

Lot size

$63

Price / sq ft

No HOA

HOA dues

232

Days on market

Flood zone

About this home

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**

Estimated monthly payment

Principal & interest$6,068

Property taxes$242

Home insurance (est.)$550

Down payment

20%

$240,000 downRate

6.5%

Term

Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.

Price & listing history232 days on market

Status: Active
Dec 11, 2025
Listed$1,300,000
Dec 10, 2025
Price reduced$1,200,000

Facts & features

Property type: Commercial Sale
Sub type: Mixed Use
Status: Active
Days on market: 232
Subdivision: Rogers Deland
County: Volusia
Year built: 1925
Living area: 10,322 sq ft
Price/sq ft: $63
Building area: 19,012 sq ft (Owner)
Lot size: 19,008 sq ft
Lot category: 1/4 to less than 1/2
Flood zone: X (12127C0470H)
Annual taxes: $2,909 (2024)
Parcel #: 7009-01-05-0023
Zoning: 05C2
MLS #: V4946191

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Heating & Cooling

Cooling: Central Air, None, Wall/Window Unit(s)

HOA & Financial

Total monthly fees: $0/mo
Total annual fees: $0
Listing terms: Cash
Ownership: Corporation

Exterior & Construction

Construction materials: Block, Brick, Wood Siding
Foundation: Block, Crawlspace, Pillar/Post/Pier, Slab
Road surface: Paved

Listing Details

Listing date: 2025-12-10
On market date: 2025-12-10
Original list price: $1,300,000
MLS area: 32724 - Deland
Listing AOR: West Volusia
Status changed: 2025-12-11
Tax 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 risk

Minimal riskFEMA Zone XPanel 12127C0470H

Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.

Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.

Location

Directions

Heading North on Woodland Blvd - Turn right onto E Rich Ave - Properties are on the right. 122-128 E Rich Ave.

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Listings courtesy of Stellar MLS as distributed by MLS GRID

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.

Based on information submitted to the MLS GRID as of July 30, 2026 at 7:23 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.

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