1007 NE 14th St - Storefront Retail/Office FOR SALE
Ocala, FL 34470 |
1007 NE 14th St
Ocala, FL 34470
HIGHLIGHTS
- BELOW MARKET RENTS: Current net rents average $9.26/SF, significantly below the Ocala market average of $18.15/SF per CoStar.
- EXTENSIVE CAPITAL IMPROVEMENTS: Roof redone in 2018 with new membrane and reflective coating; covered under material warranty until 2038.
- UPGRADED BUILDING SYSTEMS: All electrical and plumbing fully replaced and upgraded (2008-present) with permits.
- MODERNIZED HVAC: Majority of HVAC units replaced or rebuilt between 2018-2024, ensuring efficient climate control and reduced near-term capital needs.
- 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.
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
14th Street Plaza
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Office
TOTAL BUILDING SIZE
25470
STORIES
1
YEAR BUILT
1958
SPRINKLERS
-
PARKING SPACES
96
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
25988-000-00
