1834 1St AveOcala, FL 34471

Property Details for 1834 1St Ave

Year built

1997

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.18 AC

Property size (Sq ft)

17,039 SF

Zone code

B4

Property type

Parking lots & garages

APN

28578-001-01

APU

2857800101

Description

This exceptional 5,010 square foot office condo in Ocala, Florida, is being offered via online auction concluding February 5th at 11 AM ET. Ideally situated less than half a mile from AdventHealth and HCA hospitals, this efficient space boasts 12 exam rooms, 3 offices, a nurses' station, x-ray room, break room, waiting room, and 3 restrooms. Previously used as an urgent care facility, the layout is perfect for a busy medical practice. The condo occupies approximately 29% of a 17,000 square foot, two-suite building constructed in 1997 with concrete block construction and three private entrances. Two monument signs enhance visibility. Conveniently located just off Highway 441 with access from SW 1st Avenue, SW 18th Street, and SW 2nd Avenue, this 0.11-acre property offers excellent accessibility. The listed price is a suggested opening bid

• CAP approach

  CAP return

  Valuation

  6%

  $5,027,490

  6.5%

  $4,640,760

  7%

  $4,309,276

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,969,186

  Geo Method

  $5,969,186

• Alternative Use

  Use

  Valuation

  Residential

  $3,914,654

  Hospitality

  $3,585,802

  Educational

  $2,983,345

  Medical

  $3,085,947

  Retail

  $4,640,760

Location Insight

City

Ocala

County

Marion

State

Florida

Latitude

29.1694

Longitude

-82.138

CBSA code

36100

CBSA name

OCALA, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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