3725 8Th PlOcala, FL 34470

  • Commercial real estate
  • 2,100 SF
For Sale
$289,000 View listing

Property Details for 3725 8Th Pl

Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.43 AC
Property size (Sq ft)
2,100 SF
Zone code
B2A
Property type
Commercial real estate
APN
2731-005-000
APU
2731005000

Description

This exceptional 2,100 square foot creative office space, located at 3725 NE 8th Pl in Ocala, Florida, presents a unique investment opportunity. Currently operating as a salon, this property offers a versatile layout ideal for a variety of businesses. Situated on a 0.43-acre lot within Marion County, the single-story building boasts ample parking for over 20 vehicles. Built in 1984, the property is zoned B-2, providing flexibility for various commercial uses. The building is 100% occupied, generating immediate income potential. The asking price is $289,000. This thriving Northeast Ocala location offers excellent visibility and accessibility, just off 36th Avenue and Silver Springs Boulevard. The existing tenant will be relocating upon sale, presenting a blank canvas for your business vision. Don't miss this chance to acquire a highly desirable commercial property in a prime location. This is a rare opportunity to secure a valuable asset in today's competitive real estate market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $453,165
    6.5%
    $418,306
    7%
    $388,427
  • Comparable approach

    Method
    Valuation
    Relative Method
    $272,900
    Geo Method
    $272,900
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $807,489
    Retail / Commercial
    $417,220
    Mixed-Use / Specialty
    $418,210
    Hospitality / Lodging
    $310,053
    Office
    $418,306
    Institutional / Educational
    $435,655
    Residential Income
    $509,717
    Multifamily
    $597,593
    Automotive / Energy
    $373,419
    Parking / Income-Based Land
    $126,415
    Restaurant / Food Service
    $222,802
    Healthcare / Senior Housing
    $426,326

Location Insight

City
Ocala
County
Marion
State
Florida
Latitude
29.196
Longitude
-82.0839
CBSA code
36100
CBSA name
OCALA, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,510
$56,610
$106,553
$163,163
-
$56,610
$106,553
$163,163

FAQs

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