14100 N Highway 19 - Storefront Retail/Office FOR SALE


Salt Springs, FL 32134
$1,300,000 USD
352-464-2664
14100 N Highway 19, Salt Springs, FL for Sale
$1,300,000 USD
Storefront Retail/Office - FOR SALE
1/61
null | 3.98% Cap Rate

14100 N Highway 19
Salt Springs, FL 32134


HIGHLIGHTS

  • Over 80% occupancy with long term leases, stable cash flow producing asset in the Ocala, FL MSA, the fastest-growing metro in the United States
  • Ocala, FL metro had a 2023 GDP of nearly $16B and a projected population growth of up to 30% by 2040.
  • 59 humidity-controlled self-storage units, averaging near 90% occupancy and generating steady monthly income.
  • Potential Gross Income (PGI) annually for 11 leasable suites is $145k at market average of $9 SF.
  • .97 acres outparcel included with site-ready conditions. B-2 zoning permits hotel, motel, restaurant, and fast food with drive-thru access.
  • Adjacent Salt Springs Resort—home to 500 RV sites and 39 cottages, operates near full capacity, planning to build 24 new sites.

OVERVIEW

19,916 SF retail plaza located in the Ocala, FL MSA, ranked by the U.S. Census Bureau as the fastest-growing metro in the United States (2024). With over 80% occupancy and long-term leases in place, the asset delivers stable, reliable cash flow in a high-demand market. The Ocala MSA ranked #36 out of 200 large U.S. metros in the 2024 Milken Institute Best-Performing Cities Index, supported by a 2023 GDP of approximately $16 billion (Milken Institute / BEA). Further reinforcing long-term demand, the University of Florida’s Bureau of Economic and Business Research (BEBR) projects Marion County population growth of up to 30% by 2040. In addition to 11 leasable retail suites, the property includes 59 humidity-controlled self-storage units, averaging approximately 90% occupancy and generating significant, steady monthly income, providing a diversified revenue stream. Retail interiors feature configurable wall systems, allowing for future reconfiguration, tenant expansion, or repositioning as market demand evolves. The offering includes two parcels totaling 3.73 acres, both zoned B-2 (Community Business) and served by public water and sewer. An outparcel presents site-ready development potential, offering additional upside. B-2 zoning allows for a broad range of commercial uses, including hotel, motel, restaurant, and fast-food uses with drive-thru access, supporting long-term redevelopment and tenant flexibility. Located in the heart of Salt Springs, the plaza sits adjacent to Salt Springs Resort, which includes approximately 500 RV sites and 39 cottages and operates at consistently high occupancy (resort operator data). Directly across State Road 19 is the Salt Springs Recreation Area, one of the most visited destinations within the Ocala National Forest, which attracts millions of visitors annually (U.S. Forest Service). Notably, more than 8.2 million people—over one-third of Florida’s population—live within a one-hour drive of the Ocala National Forest (U.S. Census Bureau / USFS access data). The property’s proximity to the forest positions it at the center of Florida’s thriving eco-tourism market, driving consistent year-round foot traffic and sustained demand for retail, service, and hospitality businesses in the immediate area. This represents a rare opportunity to acquire a stabilized, income-producing retail asset with multiple revenue streams, expansion potential, and long-term upside in one of Florida’s most dynamic growth markets.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$65 USD /SF

CAP RATE

3.98%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Salt Springs Square

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

69

LAND DETAILS

LAND ACRES

3.73 AC

LAND SF

162,479 SF

ZONING

B2

APN/PARCEL ID

11679-000-01,11679-000-02

ASK ABOUT THIS PROPERTY

Richard FernleyCentury 21 J.W. Morton Real Estate, Inc.More Info
352-464-2664

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Richard FernleyCentury 21 J.W. Morton Real Estate, Inc.More Info
352-464-2664

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