Susan Froman

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Listing provided courtesy of WATSON REALTY CORP- MLS# 2122960MLS ProviderSource MLS Verified

765 3RD AvenueWelaka, FL 32189

Commercial · 5,617 Sq. ft. | 1.38 Acres
$2,450,000 Active

765 3RD Avenue Overview

Time on Site:
182 days
Visits:
5

Bundle includes MLS#2123353 *total $3.4 million. This Turnkey Entertainment Powerhouse: Fully Renovated Bar, Restaurant & Income Property! Not just a business listing--it's an opportunity to acquire a completely renovated, high-capacity hospitality venue designed for massive volume & immediate cash flow. Located on 1.83 acres, this property is the ultimate investment for an owner-user or an investor looking for a ready-to-operate asset. Massive Capacity: 450+ total seats across dynamic indoor & outdoor entertainment zones. Completely Remodeled,renovated in 2022. Modern infrastructure, 9 bathrooms (4 interior, 5 exterior). Expansive kitchen complex built for catering,events, &large crowds. Income-Producing Asset:Includes a separate, fully remodeled 2-bed/1-bath rental home on site. Outdoor Entertainment Complex, Main Area, Bar Area,Bingo/Event Room, Restaurant Dining Area(s) Kitchen Complex. Financials,equipment lists,sales analysis data, & property details are ready for qualified buy

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765 3RD Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 5,617
  • Price/Sq.ft. $436
  • Lot 1.38 Acres

Details

General

Association/HOA

  • Association Amenities: Playground,Storage
  • Association: No

Income/Expenses

  • Operating Expense Includes: Parking,Supplies

Building Information

  • Year Built: 1968

Business Information

  • Business Type: Commercial,Food \u0026 Beverage,Hospitality,Mixed,Restaurant
  • Current Use: Commercial,Mixed Use

Location/Region

  • Country: US
  • County Or Parish: Putnam
  • MLS Area Major: 582-Pomona Pk/Welaka/Lake Como/Crescent Lake Est
  • MLS Area Minor: 582-Pomona Pk/Welaka/Lake Como/Crescent Lake Est

Tax Information

  • Tax Annual Amount: 11096.57
  • Tax Year: 2025

General Information

  • Listing Terms: Cash,Other
  • Parcel Number: 411226920001400010
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Senior Community: No

Interior

Beds/Baths

  • Bathrooms Total: 9

Building Interior

  • Building Area Source: Assessor

General Information

  • Building Features: Kitchen Facilities,Lounge,Meeting Room,Overhead Doors,Restaurant,Separate Office Area,Storage
  • Living Area: 5617.0
  • Seating Capacity: 450

Exterior

Parking Information

  • Parking Features: Additional Parking,Parking Lot

Lot Information

  • Additional Parcels Description: 41-12-26-9200-0140-0040
  • Additional Parcels: Yes
  • Lot Features: Cleared,Few Trees
  • Lot Size Acres: 1.38
  • Lot Size Area: 1.38
  • Lot Size Square Feet: 60112.8
  • Lot Size Units: Acres

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Attached Garage: No

General Information

  • Number Of Units Total: 0
  • Road Frontage Type: City Street
  • Utilities: Cable Available,Cable Connected,Electricity Connected,Sewer Available,Water Connected

765 3RD Avenue Neighborhood

Community

32189 (SATSUMA) Demographics

52
Median Age
199
Population Density (per sq. mile)
20%
College Educated
$38,828
Estimated Median Income
1,894
Estimated Total Home Owners
780
Estimated Total Renters
71% / 29%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

765 3RD Avenue Monthly Cost

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Dylan Leitman
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

765 3RD Avenue Market Data

Based on the last 30 days in this zip code

$313,547
Average List Price
$203
Average Price per Square Foot
11
Properties Sold
107
Average Days on Market
96
Properties for Sale
Calculations provided by Reliance Network

765 3RD Avenue History

Date Event Value Agent
6/17/2026Source: North East Florida MLS Price Reduction
$2,450,000 -2.0%
1/6/2026Source: North East Florida MLS Price Reduction
$2,500,000 -28.6%
1/4/2026Source: North East Florida MLS Price Reduction
$3,500,000 -10.3%
12/31/2025Source: North East Florida MLS Added to Database
December 31, 2025