For Sale
$7,250,000

101 Silver Springs Blvd Ocala, FL 34470

Historic Office Building, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a 28,000-square-foot executive office building located at 101 E Silver Springs Blvd, Ocala, FL 34470. Originally constructed in 1913 and extensively renovated in 2018, the property boasts a modern industrial lobby and is situated in the heart of Ocala's revitalized downtown district. Currently vacant, this building offers significant upside potential for a savvy investor. The property features 35 parking spaces in a private adjacent lot, providing ample parking for tenants and visitors. Zoned under Form Based Code Zoning, this location allows for a variety of future development possibilities. The building's size and prime location within a thriving downtown area make it an attractive proposition for a wide range of businesses. The asking price is $7,250,000, translating to $258.93 per square foot. This represents a unique chance to acquire a substantial property with considerable potential for growth and strong returns in a rapidly developing urban core. The building's history, combined with its modern updates, creates a unique blend of character and functionality. The ample parking and flexible zoning provide further advantages for potential buyers. This is a rare opportunity to acquire a significant asset in a high-growth area.

Highlights

  • 89% Occupancy.
  • Significant upside potential: 29% of rents below market.
  • Projected 30% growth over five-year hold period.
  • 14 tenants.
  • 1913 building, completely renovated in 2018.
  • 28,000 square foot building.

Property Details for 101 Silver Springs Blvd

Property type
Office properties
Square Feet
28,000 SF
Year Built/Renovated
1913/2018

Location Insight

City
Ocala
County
Marion
State
Florida
Latitude
29.1872329
Longitude
-82.1357165

FAQs

What type of property is this?
Office property - Historic Office Building, High ROI Potential
Where is the office property located?
The property is located at 101 Silver Springs Blvd Ocala, FL.
What is the asking price?
The asking price for this property is $7,250,000.
What are key features of this property?
This property features: 89% Occupancy.; Significant upside potential: 29% of rents below market.; Projected 30% growth over five-year hold period.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
101 Silver Springs Blvd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message