749 S Central Avenue, Umatilla, FL 32784

Property Description

GIGANTIC $750,000 PRICE REDUCTION!! VALUE-ADD DEAL OF THE YEAR!! Sellers are Selling NOW at HUGE HUGE LOSS!! - More than $2,250,000++ Invested into Purchase and Renovations. We are pleased to present this VALUE ADD Recently RENOVATED Retail Strip Center For Sale! This Renovated Shopping Center has NEW HVAC units, NEW Roof plus Awnings. Awnings and Gutter system are NEW, Much of the Electrical is NEW, and all Firewalls have been brought up to date. Nearly 50 percent of the Center Front Area has been Replaced and Redone as NEW. The center is Partially LEASED with Many Long-Time Tenant Occupants!! IMMEDIATE SALE!! The Sellers Need to Sell this property IMMEDIATELY and have REDUCED the Price by $750,000 to their BOTTOM-LINE BEST PRICE IMMEDIATELY for the 1st Buyer to Accept!! The Longtime Childcare Tenant sold to new owner and has a Brand-New 10-Year Lease INCREASING their Rent $2 MORE/ square foot for Year #1, Adding a $500/month CAM Fee, with an Annual Increase of $1/square foot each year going forward, and becoming a NNN Lease in Year #2...THEIR RENT ESCALATES EVERY YEAR UNTIL THEY GET TO MARKET RENT!! The Market Tenant is ready to move into the 6,000 SF as soon as it is completed....The HVAC and Electrical are 95 percent Complete....all completely roughed in -- needs final items...light fixtures, plugs, etc....approximately $60,000 to finish the 6,000 SF unit so the Market Tenant can take occupancy ASAP. The 3,000 SF Unit is nearly ready for C.O....needs a sidewalk installed alongside the building for access to the unit and the two entry doors each need a 4'x4' concrete landing pad....approximately $5,000 to complete this. With a Small Cash Investment to finish up the 2 units the Center will Quickly be Fully Leased.... The Center Consists of 6 UNITS. Each unit has Individual Meters for Water and Electric. Owners are Managing the Center. There is additional Land for Expansion and Further Development for another 20,000 SF or possibly even a Car Wash Site!! ABSOLUTELY VALUE ADD STEAL!! INCREDIBLE VALIE-ADD INVESTMENT OPPORTUNITY FOR A RENOVATED SHOPPING CENTER AT A $750,000 PRICE REDUCTION!!