2411 Pine AveOcala, FL 34471

Property Details for 2411 Pine Ave

Year built

1962

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.31 AC

Property size (Sq ft)

1,273 SF

Zone code

B2

Property type

Commercial real estate

APN

30979-000-00

APU

3097900000

Description

This exceptional 1,273 square foot freestanding retail storefront at 2411 South Pine Avenue in Ocala, Florida, presents a unique investment opportunity. Located on a highly visible corner lot, this renovated building boasts a prime location with significant street frontage, ensuring maximum exposure to potential customers. The property sits on a sizable 0.3-acre lot, providing ample parking for customers and employees. The B2 zoning allows for flexible and multiple uses, expanding the potential for diverse business ventures. The building's recent renovation ensures it's move-in ready, minimizing upfront capital expenditures. A key advantage is the existing billboard income, generating additional revenue streams beyond the primary retail operation. The asking price is $499,000. This property is ideally suited for a variety of retail businesses seeking a high-traffic location with excellent visibility and ample parking in a thriving Ocala, Florida community. The property's address is 2411 S Pine Ave, Ocala, FL 34471, within Marion County. The property's size and zoning provide a versatile platform for a successful business venture. Broker co-op is available.

• CAP approach

  CAP return

  Valuation

  6%

  $289,591

  6.5%

  $267,315

  7%

  $248,221

• Comparable approach

  Method

  Valuation

  Relative Method

  $176,974

  Geo Method

  $176,974

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $512,422

  Retail / Commercial

  $265,480

  Mixed-Use / Specialty

  $266,672

  Hospitality / Lodging

  $198,432

  Office

  $267,315

  Institutional / Educational

  $277,996

  Residential Income

  $325,255

  Multifamily

  $378,240

  Automotive / Energy

  $238,282

  Parking / Income-Based Land

  $80,115.80

  Restaurant / Food Service

  $143,261

  Healthcare / Senior Housing

  $271,275

Location Insight

City

Ocala

County

Marion

State

Florida

Latitude

29.1641

Longitude

-82.1346

CBSA code

36100

CBSA name

OCALA, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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