Bank Building

  SOLD May 2008 for $195,000

55 N. Central Avenue, Umatilla, Florida 32784


Building Size3,640 Square Feet
ZoningC-1 NEIGHBORHOOD COMMERCIAL
ElectricPROGRESS ENERGY
Year Built1922
ConstructionCB
RoofUNKNOWN
SewerCITY OF UMATILLA
ParkingONSITE & OFFSITE
WaterCITY OF UMATILLA
FEATURES:THREE WALK-IN VAULTS

THIS IS A FORMER BANK BUILDING LOCATED ON CENTRAL AVENUE (SR 19) IN DOWNTOWN UMATILLA. THE BUILDING HAS HAD SEVERAL USES SICNE THE BANK OUTGREW THE FACILITIES, MOSTLY AS OFFICE/PROFESSIONAL BUT CERTAINLY COULD BE RETAIL. OF CONSIDERABLE INTEREST IS THAT THE ORIGINAL WALK IIN BANK VAULTS ARE STILL IN THE PREMISES. THERE ARE THREE FIRE PROOF FULLY OPERABLE WALK-IN BANK VAULTS AS WELL AS A DROP BOX VAULT. THE REPLACEMENT VALUE OF THE VAULTS ALONE PROBABLY EXCEED THE ASKING PRICE OF THE REAL ESTATE AND COULD BE A VALUABLE ASSET TO THE RIGHT USER INCLUDING A JEWELER, ART OR ARTIFACT COLLECTOR OR ANYONE WHO NEEDS THE ABILITY TO SAFE KEEP A LARGE NUMBER OF ITEMS. THE BUILDING ALSO HAS A SEPARATELY ACCESSED UPSTAIRS OFFICE WHICH COULD POSSIBLY BE CONVERTED INTO AN APARTMENT. WHILE THE BUILDING IS CURRENTLY VACANT AND IDEAL FOR A USER, IT IS PRICED TO ACCOMODATE AN INVESTOR. THE BUILDING SITS VERY PROMINANTLY ON FOUR LANE CENTRAL AVENUE.


The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.


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