Umatilla, FL 32784,20290 SE 142ND PL

$500,000

$600,000

16.7%
Est.Price: ?

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Est. payment /mo

4,037 SqFt


SOLD DATE : 07/10/2024

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

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Stellar MLS
Listed by MEADOWS REALTY, LLC
Bought with MEADOWS REALTY, LLC

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