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.