Address
20290 SE 142nd PLACE, UMATILLA, FL
Price
$ 600,000
Property Attributes
  • MLS#OM673329
  • TypePending
  • CountyMARION
  • CityUMATILLA
  • AreaUmatilla - Dona Vista
  • NeighborhoodBig Scrub Campsite
  • Zip32784
  • StyleRestaurant
  • Year Built1957
  • Taxes$ 2912
  • Price$ 600,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4037
  • Lot Size12,632 SqFt
Data Source:
Stellar MLS
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.

Price History
2/21/2024 Listed $600,000

General Features

Cooling Central Air,Wall/Window Unit(s)
Zoning B2
Construction Materials Brick,Metal Siding,Wood Frame
Year Built 1957
Property SubType Restaurant
Tax Year 2023
Percent Ownership Corporation
County Marion
New Construction No
Property Type Commercial Sale
Subdivision Name BIG SCRUB CAMPSITE
Status Pending
Directions From Leesburg,heading NORTH on Highway 27,turn right onto 25 for several miles,then turn right onto 42 for 7+ miles,then turn left onto 182nd Ave Rd for 1.9 miles,then turn right onto SE 142nd Place.
City UMATILLA
Buyer Agent Compensation 2.5%
MLS Area 32784 - Umatilla / Dona Vista
Lot Size Square Feet 12632
Waterfront Y/N No
Street Name 142nd
Tax Annual Amount 2912.51
Public Remarks 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
Days on Market 63
Standard Status Pending
Tax Lot 39
Legal Description SEC 16 TWP 17 RGE 25 PLAT BOOK UNR BIG SCRUB CAMPSITES BLK 17 LOTS 39.40.41.42 BEING MORE FULLY DESC AS FOLLOWS: W 100 FT OF E 3690.3 FT OF S 121.31 FT OF N 1331.31 FT OF N 1/2 OF N 1/2 N 10 FT SUB T

Interior Features

Total Stories 2
Air Conditioning Y/N Yes
Street Suffix PLACE
Living Area Units Square Feet

Exterior Features

Lot Size Area 12632
Foundation Details Pillar/Post/Pier,Slab
Number of Buildings 9
Building Area Total 4226
Lot Dimensions 100 x 117
Lot Size Acres 0.29
Road Surface Type Dirt
Lot Size Units Square Feet
Road Frontage Type Other

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 32784

Price
AVG $310K
$600K
Taxes
AVG $2,327
$2,912
Visits
AVG 238
58
Data Provided by Inside Real Estate®
Year Built
AVG 1973
1957

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