Umatilla Colonial Building

About this property

Located in the heart of downtown Umatilla, Florida, the Umatilla Colonial Building is a 20,382 square foot mixed-use asset strategically positioned at 9 North Central Avenue. The property features a complementary blend of retail and residential uses, creating a diversified income profile within a walkable live-work-play environment. Following a substantial renovation and repositioning, the asset is now fully stabilized, offering investors the opportunity to acquire a refreshed, income-producing property with both historic charm and modern functionality. The extensive improvements have significantly enhanced the building’s appeal, operational stability, and long-term value. Umatilla Colonial Building is a 20,382-square-foot mixed-use property located at 9 North Central Avenue in Umatilla, FL. On-site parking, as well as an included 50yr adjacent parking ground lease provides ample commercial and residential spaces. Over $500,000 in CapEx improvements in the past four years.

Property highlights

Net operating income

$200,000

Capitalization rate

7.69%

Financial information is supplied by the listing team. Review the offering documents and independently verify all figures.

Building size

20,382 SF

Year built

1922

Zoning

Commercial

County

Lake

Map position is based on listing coordinates. Confirm access, entrances, and boundaries with the listing team; the marker is not a parcel survey.