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531 N CENTRAL AVENUE

Commercial Recently Sold
$450,000

BTC: 5.18134715

ETH: 225.00000000

Sold on: 2023-11-29
59 days
0 room(s)
2,530 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

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

Florida • UMATILLA • 32784 • Commercial • Recently Sold

Facts and features

Type:
Commercial Sale
Parking:
No Data
Year Built:
1972
Lot:
0.24 Acres
Heating:
No Data
Price/sqft:
$178
Cooling:
Central Air
HOA:
No Data
All facts and features

  • Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Dryer

    • Microwave

    • Refrigerator

    • Washer

  • Lot

    • Lot: 0.24 Acres

    Other Property Information

    • Parcel Number: 121826060001600500

    • Zoning: C-2

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Restaurant

  • Utility

    • Electricity Available

    • Public

    • Water Connected

  • Other financial information

    • Annual tax amount: $3,172

  • Source details

    • MLS ID: O6130456

    Other facts

    • Construction Materials: Stucco

    • Foundation Details: Slab

    • Living Area: 2530

    • Water Source: Public

    • Subdivision Name: UMATILLA NORTH UMATILLA

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: METRO FLORIDA REALTY