1007 NE 14th St - Restaurant FOR SALE


Ocala, FL 34470- Northeast Ocala
$3,550,000 USD
407-929-1355
1007 NE 14th St, Ocala, FL for Sale
$3,550,000 USD
Restaurant - FOR SALE
1/5
null | 6.64% Cap Rate

1007 NE 14th St
Ocala, FL 34470
Northeast Ocala


HIGHLIGHTS

  • BELOW MARKET RENTS: Current net rents average $9.26/SF, significantly below the Ocala market average of $18.15/SF per CoStar.
  • MARKET STRENGTH: Ocala retail vacancy is under 5% per CoStar, indicating strong tenant demand and limited competitive supply.
  • VALUE-ADD OPPORTUNITY: Potential to convert existing gross leases to NNN, increasing landlord net income and reducing expense exposure.
  • STRONG DEMOGRAPHICS: Over 95,000 residents within a 5-mile radius with an average household income of $77,295.
  • PROXIMITY TO NATIONAL RETAILERS: Nearby brands include Walmart, CVS, Save-A-Lot, Dunkin’, Popeyes, Family Dollar, and McDonald’s.
  • POSITIVE RENT GROWTH OUTLOOK: Per CoStar, market rents are projected to grow at 2.5% annually from 2024–2029, supporting long-term income growth.

OVERVIEW

Marcus & Millichap’s TC Retail Group is proud to present 1007–1053 NE 14th Street, Ocala, FL 34470, a fully occupied, 16-tenant retail center totaling 25,470 square feet on 1.73 acres, strategically positioned at the intersection of NE 14th Street and NE 10th Avenue. Located just minutes from Downtown Ocala, the center benefits from excellent visibility, dual frontage, and exposure to nearly 20,000 vehicles per day. Renovated in 2008, the property has been well maintained and offers a diverse mix of neighborhood-serving tenants. Many tenants have been in place for multiple years, contributing to the center’s consistent occupancy and dependable income stream. According to CoStar, the Ocala retail market boasts a vacancy rate under 5% with market rents averaging $18.15/SF, positioning this asset well below market at current net rents of $9.26/SF. Significant upside exists through lease renewals, rent adjustments, and the value-add opportunity of converting existing gross leases to NNN structures. The offering price of $139/SF is also well below estimated replacement cost, delivering an attractive entry point for investors seeking immediate yield with strong long-term growth potential. The center sits in a well-established trade area surrounded by residential neighborhoods, schools, and government offices, ensuring consistent daily foot traffic. The location is easily accessible through major roads, including U.S. Highway 301 and State Road 40, and is less than 10 minutes from both Downtown Ocala and AdventHealth Ocala, the city’s largest medical employer. Nearby national retailers include Walmart, CVS, Save-A-Lot, Dunkin’, Popeyes, Family Dollar, McDonald’s, and others — reinforcing the area’s retail demand and contributing to long-term tenant performance.

FOR SALE DETAILS

PRICE

$3,550,000 USD

PRICE/SF

$139 USD /SF

CAP RATE

6.64%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

14th Street Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

96

LAND DETAILS

LAND ACRES

1.73 AC

LAND SF

75,359 SF

ZONING

B-4

APN/PARCEL ID

25988-000-00

ASK ABOUT THIS PROPERTY

Tarek ChbeirMarcus & MillichapMore Info
407-929-1355

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Tarek ChbeirMarcus & MillichapMore Info
407-929-1355

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.