$450,000
$450,000
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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
Waterfront false
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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