Active

$650,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 6794 sq ft
Overview
  • ID: MFRGC533096
  • Bedrooms:
  • Bathrooms: 0
  • Size: 6794 sq ft
Property Details
Remarks
Owner's are motivated sellers. ATTRACTIVE owner financing available. 9+ acres. 1000' frontage on US 27, Located 1 mile west of Ft. White. a rapidly growing area in North Central Florida. Multi-sourced incomes. An established nightclub. an newly upgraded diner/restaurant & and 5 residential rental units (rooms & Apt in one building) Both buildings have new metal roofs. Purchased in mid 2024, the owner has invested over $150,000 in repairs, upgrades and improvements. The nightclub/diner has (all new in 2024, unless noted) Repainted inside and out building features a "tropical" look.. New 5 ton HVAC on the restaurant building. Some improvements include: security cameras. Signage, and an 80'x80' outside enclosed eating/entertainment area, lighted stage, ample seating and tiki hut. Ample parking on both sides and along US 27, an hookup spot for an R/V or food truck.. In the lounge, the walk in cooler has been refurbished. Behind the bar, Both 8' coolers are new, plus a smaller beverage cooler, kegerator, icemaker, and frozen drink machine. The wrap around bar and tables seat approximately 40. There is a dance floor and stage through doors which can be opened of closed, depending on usage. As a diner/restaurant, currently there is seating for approximately 40. In the kitchen, a new (2024) char grill, flat top cooker, gas oven and 2 fryers. An Ansell fire suppression system. New 1.5 ton mini-split a/c April 2025, and a new salad prep table Aug. 2025. Currently the lounge operates with a beer and wine license, but the owner has met most of the requirements to obtain a class 5 liquor license. for a fraction of it's value. Information upon request. , could be converted other uses. At 3 miles to Itchnetucknee State Park, the rentals could be easily converted to an Air BnB
Financial Considerations
Price:
$650,000
HOA Fee:
N/A
Tax Amount:
$3488.61
Price per SqFt:
$95.67
Tax Legal Description:
BEG NE COR SE1/4 OF SE1/4, RUN W 604.54 FT 328-238, 361-256, 652-278, 666-611, 692-7, 761-1748, 805-119, 842-1557, 958-125, ORD NO 86-99 ANNEXATION, CT 1203-1188, WD 1236-2692, TO N RW OF US-27, SE ALONG R/W 148.81 FT, NE 10 FT, SE ALONG R/W 649.65 F T, N 532.33 FT TO POB. ALSO BEG SE COR OF NE1/4 OF SE1/4, RUN W 589.75 FT TO NE R/W US-27, NW ALONG R/W 265.43 FT, NE 296 FT, N 81 DG E 176.27 FT, E 208.73 FT, S 208.73 FT, E 208.73 FT TO E LINE OF SEC, S 208.73 FT TO POB.
Exterior Features
Lot Size:
399445
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
Over 30 Spaces
Roof:
Metal
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
Heat Pump
Cooling:
Central Air, Ductless, Wall/Window Unit(s)
Appliances:
Refrigerator
Furnished:
No
Floor:
Concrete
Levels:
One
Additional Features
Property Sub Type:
Business
Style:
N/A
Year Built:
1950
Construction Type:
Cement Siding
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
South
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    8725 N US 27 HWY
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