For more information regarding the value of a property, please contact us for a free consultation.
20290 SE 142ND PL Umatilla, FL 32784
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $500,000
Property Type Commercial
Sub Type Restaurant
Listing Status Sold
Purchase Type For Sale
Square Footage 4,037 sqft
Price per Sqft $123
Subdivision Big Scrub Campsite
MLS Listing ID OM673329
Sold Date 07/10/24
Construction Status Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1957
Annual Tax Amount $2,912
Lot Size 0.290 Acres
Acres 0.29
Lot Dimensions 100x117
Property Description
Diamond in the rough! This is a package deal that includes a bar/restaurant, along with 9 residential rental units. One of those rental units is a mobile home that must be removed/replaced. The price includes a full liquor license with the ability to sell packaged goods including liquor and tobacco products. This could be a cash cow with the right improvements and the right team in place, as there is very little bar competition nearby and it has been operational for over 40 years. Residential rental income is about $4800 per month (gross) and has plenty of room for rent increase, as all have been rented well below market value. There are 2.17 total acres combined.
Location
State FL
County Marion
Community Big Scrub Campsite
Zoning B2
Interior
Cooling Central Air, Wall/Window Unit(s)
Exterior
Waterfront false
Building
Story 2
Foundation Pillar/Post/Pier, Slab
Lot Size Range 2 to less than 5
Structure Type Brick,Metal Siding,Wood Frame
New Construction false
Construction Status Inspections
Others
Ownership Corporation
Special Listing Condition None
Read Less
© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with MEADOWS REALTY, LLC
Learn More About LPT Realty