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DESCRIPTION
DT101 presents a unique opportunity for an investor to acquire a 89% leased mixed use property with attractive in place cash flow, a weighted average of over four year lease term and in place rents with 29% below market. Strategically located at the epicenter of Ocala’s Redeveloped and exploding Downtown District, this 28,000 square foot historic building features a renovated industrial modern lobby and an attached half block surface parking lot with future development potential. Offering Highlights • Ocala’s most centrally located Mixed Use Property with First floor Restaurants / Retail • Strong Cash Flow in place • Site is adjacent to City’s Linear Trail – designed with a built in cross walk to connect downtown and midtown areas for art, entertainment, parks and event options Property Overview • Four Story, completely renovated, Mixed Use Building • Includes half block adjacent, private, surface parking – future development potential • Located in Form Based Code, redevelopment area of Downtown Ocala and the Downtown Development District,
FEATURES- Building Area Total 28780
- City OCALA
- Construction Materials Block
- Cooling Central Air
- Cooling Yes
- Country US
- County Or Parish Marion
- Days On Market 196
- Directions Located directly on Ocala Downtown Square.
- Foundation Details Basement
- Heating Yes
- Latitude 29
- List Price 7250000
- Living Area 28780
- Living Area Source Public Records
- Living Area Units Square Feet
- Longitude -82
- Lot Size Square Feet 6534
- Lot Size Units Square Feet
- M L S Area Major 34470 - Ocala
- Mls Status Active
- On Market Date 2022-09-29 00:00:00
- Original List Price 7250000
- Originating System Name stellar
- Ownership Corporation
- Parcel Number 2823-064-006
- Postal Code 34470
- Property Sub Type Mixed Use
- Property Type Commercial Sale
- Road Surface Type
Asphalt
Paved - Special Listing Conditions None
- Standard Status Active
- State Or Province FL
- Stories Total 4
- Subdivision Name OCALA
- Unparsed Address
101 E SILVER SPRINGS BOULEVARD
OCALA FL 34470 - Year Built 1913
- Zoning FBC
Tracy Mani
LISTING AGENT
Listing Provided by:
Angie Lester
BOYD REAL ESTATE LLC
The multiple listing information is provided by Miami Association of REALTORS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©️2019 Miami Association of REALTORS. All Rights Reserved.
The information provided is for consumers’ personal, non- commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
