Lady Lake, FL 32159,304 S US HIGHWAY 27/441

$610,000

$699,900

12.8%
Est.Price: ?

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Est. payment /mo

1,854 SqFt


SOLD DATE : 03/08/2024

Key Details

Sold Price $610,000

Property Type Commercial

Sub Type Restaurant

Listing Status Sold

Purchase Type For Sale

Square Footage 1,854 sqft

Price per Sqft $329

Subdivision Lady Lake Oak Crest

MLS Listing ID G5071514

Sold Date 03/08/24

Construction Status Financing,Inspections

HOA Y/N No

Originating Board Stellar MLS

Year Built 1948

Annual Tax Amount $7,919

Lot Size 0.860 Acres

Acres 0.86

Property Description

First time being on the market, been an iconic restaurant in Lake County now for 62 years. Also incudes another commercial building and combined fronts on three roads, corner location on the highway as well. There are two signs fronting on the highway which half of one being used for advertising the additional commercial building that fronts on two roads but not on Highway 27/441. The restaurant has 1,854 sq ft heated, 16 parking spots and an additional grassy area plus a small storage building. The other commercial building has 2,114 sq ft heated, 7 parking spaces, grassy area if more spots needed and has additional signage on the building with a fenced in back area. According to the city of Lady Lake both parcels are zoned HC, Heavy Commercial. The surrounding properties are commercial. Lake County GIS map measures fronting on Highway 27/441 at 128 FT, E Lakeview St at 261 FT and S Old Dixie Highway at 182 FT. This location is just over a mile to The Villages. The Villages is one of the largest retirement communities in Florida. All combined The Villages cover more than 80 square miles, which is equivalent to more than 51,200 acres. Amazingly, The Villages is still growing, and is one of the fastest growing cities in Florida. The Villages community is so large that it includes multiple zip codes and is located in three separate county jurisdictions: Lake County, Sumter County and Marion County.

Location

State FL

County Lake

Community Lady Lake Oak Crest

Zoning HC

Interior

Heating Central

Cooling Central Air

Exterior

Garage Parking Spaces - 13 to 18, Other

Utilities Available Public

Waterfront false

Roof Type Shingle

Building

Lot Description Central Business District, Corner Lot, City Limits

Foundation Slab

Lot Size Range 1/2 to less than 1

Sewer Public Sewer

Structure Type Block

New Construction false

Construction Status Financing,Inspections

Others

Ownership Sole Proprietor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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Stellar MLS
Listed by CARLINO COMMERCIAL GROUP, INC.
Bought with MORRIS REALTY AND INVESTMENTS
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