61 N Central Ave - Storefront Retail/Office FOR SALE


Umatilla, FL 32784
$474,000 USD
352-455-1168
61 N Central Ave, Umatilla, FL for Sale
$474,000 USD
Storefront Retail/Office - FOR SALE
1/34
null | 7.43% Cap Rate

61 N Central Ave
Umatilla, FL 32784


OVERVIEW

Positioned in the heart of downtown Umatilla, this versatile mixed-use property presents a strong income-producing opportunity with both residential and commercial components. The second-floor features three well-maintained 1-bedroom, 1-bath apartments, all updated with interior paint and remodeling completed in 2015, offering comfortable living spaces ideal for steady rental income. The ground floor is currently configured as a salon/hair studio, with excellent visibility and storefront presence. The layout provides flexibility to accommodate a single user or be demised into two separate commercial units, each with its own entrance and display windows ideal for retail or service-oriented tenants. Additional value is found at the rear of the property, where a detached garage offers potential for supplemental rental income or on-site storage. Parking is conveniently available both curbside and behind the building. Capital improvements include a roof replacement in 2014, along with new gutters and downspouts, and exterior stucco and paint completed in 2015—reducing near-term maintenance concerns. With its central location, multiple income streams, and adaptable layout, this property represents an excellent opportunity for investors or owner-users seeking a foothold in a growing downtown market.

FOR SALE DETAILS

PRICE

$474,000 USD

PRICE/SF

$121 USD /SF

CAP RATE

7.43%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1941

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

C-1

APN/PARCEL ID

13-18-26-1200-00G-00201

ASK ABOUT THIS PROPERTY

Greg NackeEXP RealtyMore Info
352-455-1168

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Greg NackeEXP RealtyMore Info
352-455-1168

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.