235 NE Watula Ave - Retail FOR SALE


Ocala, FL 34470- Downtown Ocala
$2,990,000 USD
352-861-1212
235 NE Watula Ave, Ocala, FL for Sale
$2,990,000 USD
Retail - FOR SALE
1/58
null | 6.61% Cap Rate

235 NE Watula Ave
Ocala, FL 34470
Downtown Ocala


OVERVIEW

Midtown Station is a redeveloped property 1 block north of thriving Downtown Ocala. The large storefront facade overlooks covered patio seating and Tuscawilla park's large pond. This "activation" site is the anchor for the City's vision to make midtown a destination. Completely renovated former Fire Station. All systems were refinished under a major demo and reconstructed in 2023 which included electrical, HVAC, all plumbing, roof, fire suppression, windows, etc. Current tenant is operating a brewery and bar with food hall and office space. Onsite parking includes a paved parking lot and use of grass parking area from City of Ocala. The existing lease is a single-tenant agreement that includes subleases with various vendors (Owner occupied and preference is to remain as tenant). Depending on the buyer's preference and vision of the property, all or some of the current tenants could potentially remain in place.

FOR SALE DETAILS

PRICE

$2,990,000 USD

PRICE/SF

$249 USD /SF

CAP RATE

6.61%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Bar, Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,045 SF

ZONING

FBC

APN/PARCEL ID

2820-050-001

ASK ABOUT THIS PROPERTY

Michael OwenGreater Ocala PropertiesMore Info
352-861-1212

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Michael OwenGreater Ocala PropertiesMore Info
352-861-1212

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