Umatilla, FL 32784,531 N CENTRAL AVE
Umatilla, FL 32784,531 N CENTRAL AVE
Umatilla, FL 32784,531 N CENTRAL AVE
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$450,000

$450,000

Est.Price: ?

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Est. payment /mo

2,530 SqFt


SOLD DATE : 11/29/2023

Key Details

Sold Price $450,000

Property Type Commercial

Sub Type Restaurant

Listing Status Sold

Purchase Type For Sale

Square Footage 2,530 sqft

Price per Sqft $177

Subdivision Umatilla North Umatilla

MLS Listing ID O6130456

Sold Date 11/29/23

HOA Y/N No

Originating Board Stellar MLS

Year Built 1972

Annual Tax Amount $3,172

Lot Size 10,454 Sqft

Acres 0.24

Property Description

This is a unique opportunity to own a restaurant business with property and a 3-bedroom house is included with purchase whether you buy the property or business only. The only stipulation is that if you buy the business only, you cannot rent to someone else, but it comes free to live in. It is at Umatilla near Leesburg. You can live and work in the same place and enjoy the benefits of both. The asking price for this package is $450,000.00. The business generates a yearly revenue of $415,000.00 and has expenses of $315,000.00, resulting in a net income of $100,000.00. The owner is willing to consider financing options with a significant downpayment. Alternatively, you can lease the business with an option to buy the property later. The lease price is $125,000.00 and the rent is $3500.00 plus tax plus property tax. It is a triple net lease with flexible terms and conditions. The business has been recently renovated and is ready to operate. For more information,

Location

State FL

County Lake

Community Umatilla North Umatilla

Zoning C-2

Interior

Cooling Central Air

Appliance Dishwasher, Dryer, Microwave, Refrigerator, Washer

Exterior

Utilities Available Electricity Available, Public, Water Connected

Building

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Stucco

New Construction false

Others

Ownership Corporation

Special Listing Condition None

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Stellar MLS
Listed by METRO FLORIDA REALTY
Bought with METRO FLORIDA REALTY
agent-avatar

"My job is to find and attract mastery-based advisors to the shop, protect the culture, and make sure everyone is happy! "

+1(321) 806-9552

barbara.gouldbourn@engelvoelkers.com

101 Canal St, New Smyrna Beach, FL, 32168

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