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531 N Central Avenue, Umatilla, FL 32784
$450,000
531 N Central Avenue, Umatilla, FL 32784View this property at 531 N Central Avenue, Umatilla, FL 32784
531 N Central AvenueUmatillaFL32784
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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,
Full Property Details
Full Property Details for 531 N Central Ave
General
- Sold For: $450,000
- Taxes: $3,172 (2022)
- Status: Closed
- Type: Commercial
- MLS ID: O6130456
- Added to Site: 289 day(s) ago
Interior
- Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer
Location
- Area: 32784 - Umatilla / Dona Vista
- County: Lake
- Development Name: 32784 - Umatilla / Dona Vista
- Subdivision: UMATILLA NORTH UMATILLA
- Driving Directions: From Downtown Eustis intersection of Fl-44/E Orange Ave and Fl-19, head North on Fl-19/N Grove St. (6.23 miles) to address. 531 N Central Ave, Umatilla, Fl. (on Left.)
Community
- Community Name: 32784 - Umatilla / Dona Vista
Heating & Cooling
- Cooling Type: Central Air
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Public, Water Connected
Structural Information
- # Buildings: 1
- Exterior Const.: Stucco
- Square Feet: 2,530
- Living Area: 2,530 Sq. Ft.
- Year Built: 1972
Lot Features
- Lot Size (Acres): 0.24
- Lot Size (Sq. Ft.): 10,500
- Frontage: Business District, City Street
- Street/Road Desc.: Asphalt
- Rcmdd Zoning: C-2
Financial Considerations
- Tax Amount: $3,172
- Tax Year: 2022
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%-$495
- Ownership: Corporation
- Special Conditions: None
- Legal Description: UMATILLA, NORTH UMATILLA LOTS 5, 6, 7, S 1/2 OF LOT 8 BLK 16 PB 6 PGS 35-37 ORB 4347 PG 2312 ORB 5162 PG 191
- Flood Zone Info: X
- APN: 12-18-26-0600-016-00500
- Property ID: 12-18-26-0600-016-00500
- Block/Lot/Section: 16
Listed and Sold by Metro Florida Realty
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Schools
Schools serving 531 N Central Ave
School District:Lake County School District
Rating | Name | Grades | Distance |
---|---|---|---|
401 Lake St, Umatilla, FL 32784 | PK-5 | 0.4 mi | |
305 E Lake St, Umatilla, FL 32784 | 6-8 | 0.6 mi | |
320 N Trowell Ave, Umatilla, FL 32784 | 9-12 | 0.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 531 N Central Ave
Date
Details
Price
Change
Source
11/29/2023
Sold
$450,000
—
MLS
7/31/2023
Listed
$450,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
531 N Central Avenue, Umatilla, FL 32784 (MLS# O6130456) is a Commercial property that was sold at $450,000 on November 29, 2023. Want to learn more about 531 N Central Avenue? Do you have questions about finding other Commercial real estate for sale in Umatilla? You can browse all Umatilla real estate or contact a Coldwell Banker agent to request more information.