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7850 SE 110TH STREET RD #1 Belleview, FL 34420
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Key Details
Sold Price $700,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Square Footage 3,511 sqft
Price per Sqft $199
MLS Listing ID W7867210
Sold Date 10/16/24
HOA Y/N No
Originating Board Stellar MLS
Year Built 1958
Annual Tax Amount $2,905
Lot Size 6.360 Acres
Acres 6.36
Lot Dimensions 210x1320
Property Description
We have multiple buildings and income opportunities on this retail agricultural piece of land. The property has been operated as a Junk Yard prior to 1983 when Zoning made changes around it. Auto Salvage and Recycling Yard & Facility grandfathered-in to where they are an auto recycling and salvage while maintain SFH residences in the front part of the property (first 225ft). There are 3 individual SFH’s on the property all rented out and then the huge fenced in open area (after 225 ft) that currently has 1,000 cars parked and stacked and a garage with multiple lifts and a loader; current owner is moving so the next owner can have the same opportunities as he and previous owners have had. SFH Tenants are all currently month to month but any and all would be happy to sign annual leases but current owner has not forced as to not encumber the property for next owner.
There are multiple ways to make money in this business and it’s a huge cash cow to the buyer that understands. The land/parcel has been grandfathered in and this site specifically licensed and to our knowledge the State of Florida is not granting more of these licenses. We also have multiple uncleared acres in the back as you will notice in the photos we have a wooded area (back/rear 500 ft). The current allowances are able to stack cars two high and fill the entire area inside the fences.
Owner will hold financing for those that don’t have all the cash to purchase outright so inquire about rate and terms with Broker related to minimums down etc. Creative financing and All Offers will be considered.
Location
State FL
County Marion
Zoning A1
Interior
Cooling Wall/Window Unit(s)
Exterior
Parking Features Other, Over 30 Spaces
Building
Story 1
Foundation Slab
Lot Size Range 5 to less than 10
Structure Type Other
New Construction false
Others
Ownership Sole Proprietor
Acceptable Financing Cash, Lease Option, Lease Purchase, Owner Financing
Listing Terms Cash, Lease Option, Lease Purchase, Owner Financing
Special Listing Condition None
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Bought with MCCULLOUGH & ASSOC REALTY INC