2416 58Th AveOcala, FL 34480

This 40,756 square foot shopping center in Ocala, Florida, is offered at $5,600,000, representing a $137 per square foot price and a 6.50% cap rate. Currently boasting 76% occupancy and a Net Operating Income (NOI) of $363,988, this property presents a compelling investment opportunity. Located in Marion County, within a thriving market experiencing population growth and increased demand for retail space, the center benefits from below-market rents, offering significant potential for rental increases as leases renew. Florida's favorable tax environment, with no state income tax, further enhances the investment's attractiveness. The property also includes 40,756 square feet of air rights and a prime outparcel ready for development, providing additional income potential and flexibility to attract new tenants or create a high-demand use. This value-add opportunity allows for income growth through lease-up and proactive management, making it an ideal investment for those seeking strong returns in a dynamic market. The property's address is 2416 SE 58th Ave, Ocala, FL 34480.