285 Central AveUmatilla, FL 32784

Property Details for 285 Central Ave

Year built

1974

Construction

CONCRETE BLOCKS

Lot size

0.34 AC

Property size (Sq ft)

1,938 SF

Property type

Office properties

Property subtype

Office buildings

APN

13-18-26-0500-00E-00103

APU

131826050000E00103

Description

This exceptional 1,938 square foot office building, situated on a 0.34-acre lot at 285 S Central Avenue in Umatilla, Florida, presents a unique investment opportunity. Previously used as a dental practice and currently configured as a professional office, the property boasts six private offices, ample space for two receptionists, a dedicated conference room, and two bathrooms. Adding to its functionality is a convenient coffee bar and both interior and exterior storage closets. The building underwent a significant remodel in 2022, resulting in a modern and efficient workspace. Improvements include a brand-new roof, updated lighting fixtures throughout, stylish new cabinets and quartz countertops, durable tile flooring, and stainless steel appliances in the coffee bar area. Its location on a main thoroughfare in Umatilla ensures high visibility and accessibility. The property is move-in ready and ideally suited for a variety of professional uses. The asking price for this well-maintained and updated office building is $395,000. This represents a compelling opportunity to acquire a turnkey commercial property in a desirable location. The combination of its recent renovations, functional layout, and prime location makes this an attractive investment for discerning buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $329,888

  6.5%

  $304,512

  7%

  $282,761

• Comparable approach

  Method

  Valuation

  Relative Method

  $216,339

  Geo Method

  $216,339

• Alternative Use

  Use

  Valuation

  Residential

  $377,594

  Hospitality

  $345,874

  Educational

  $287,763

  Medical

  $297,660

  Retail

  $447,632

Location Insight

City

Umatilla

County

Lake

State

Florida

Latitude

28.9208

Longitude

-81.6718

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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