1824 Pine AveOcala, FL 34475

Property Details for 1824 Pine Ave

Year built

1947

Lot size

0.38 AC

Zone code

B4

Property type

Retail properties

Property subtype

Other automotive properties

APN

25434-000-00

APU

2543400000

Description

This exceptional commercial property, located at 1824 N Pine Ave in Ocala, Florida, presents a unique investment opportunity. The 2.27-acre lot boasts a prime location in the bustling N Pine/US Hwy 441/301 business district, offering convenient access from two roadways. The property comprises two buildings totaling 5,506 square feet of net rentable space. Building #1, a modern, updated 3,406 square foot Class A structure, features multiple offices, a break room, restrooms, warehouse space, and storage. A large 1,140 square foot entry canopy adds to its appeal. Building #2, also Class A, offers additional office space, restrooms, and a workshop/warehouse area with three roll-up doors. The property includes a well-maintained, paved parking lot with capacity for approximately 150 vehicles and is enhanced by LED lighting. The property is zoned B-4, offering a wide range of potential uses, including but not limited to: restaurants, retail, medical clinics, professional offices, automotive, marine, off-road, and farm equipment sales. Built in 2002, this single-story complex is currently vacant and available for $930,000. The seller is offering financing options with 25% down, 6% interest, and a 5-year balloon payment. This meticulously maintained property represents a compelling investment opportunity in a high-traffic area. The property's two buildings and ample parking make it ideal for a variety of commercial ventures. The property's location and zoning provide significant flexibility for future development and expansion.

• CAP approach

  CAP return

  Valuation

  6%

  $4,633,852

  6.5%

  $4,277,402

  7%

  $3,971,873

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,421,896

  Geo Method

  $5,421,896

• Alternative Use

  Use

  Valuation

  Residential

  $3,608,148

  Hospitality

  $3,305,044

  Educational

  $2,749,758

  Medical

  $2,844,326

  Retail

  $4,277,402

Location Insight

City

Ocala

County

Marion

State

Florida

Latitude

29.206

Longitude

-82.1425

CBSA code

36100

CBSA name

OCALA, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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