$4,200,000
Ocala, FL 34470
For Sale MLS# OM710851
Commercial
Details for
MLS# OM710851
Description for , Ocala, FL, 34470
**** INCOME PRODUCING ***** - **** DOWNTOWN MIDTOWN **** The 125 N in Midtown site is located in the heart of Downtown / Midtown Ocala Just off of Silver Springs Boulevard also known as State Road 40. This completely remodeled Historic building is home to three professional offices and within steps of the new redeveloped and revitalized downtown Ocala. Across from the square, close to all activities, this location offers visibility and accessibility, for all tenants and is highly sought after. The almost half block surface parking portion of this site is coveted in Downtown Ocala. *Renovated in 2022 *Surface Parking AND a private parking Garage *Three credit tenants in place *Low maintneance *Walking Distance to ALL new Downtown and Midtown establishments *In the growth path of the City Reimagine Midtown future development plans. Discover the vibrant appeal of Ocala, FL, where the property is nestled in a bustling commercial hub. Located in the heart of downtown, the area provides a prime investment opportunity for prospective Office / Office Building investors. With easy access to major highways and public transportation, the location offers convenience for tenants and clients alike. Nearby, the historic Ocala Downtown Square presents a charming selection of dining, entertainment, and cultural attractions. Additionally, the area is home to renowned medical facilities, educational institutions, and corporate offices, attracting a steady stream of professionals and visitors. Join the thriving business community in this dynamic and promising locale. Ocala Metro Statistics of Note: Population - Ocala MSA - 2021 - 385,915; 2023 - 400,000; 2040 - 500,000 Population Ocala MSA US Census Bureau June 30,2021 142nd Largest Metro, Top 25 Fastest Growing by rate, 38th Fastest Growing by quantity Moving Into Ocala vs. Moving Out of Ocala 5.24 move in for every 1 that moves out = #1 in Nation Ocala Metro is growing by over 1000 people per month. Millennial population (30-39) is growing at double the US Average and among the highest for all small metros in the nation. US News and Work Report Best Places Lists, ranks Ocala Metro: #10 Safest Places to Live #5 Fastest Growing Metro #16 Best Places to Retire Housing Market 79% jump in single family permits over previous year - largest increase in the country. Ocala Metro ranked #2 in Florida and #4 in the Nation in Moneys ranking of the Top 10 Hottest Housing Markets Income Growth Median Household Income Grew 31.4% faster than the US Average 2016-2020 The Ocala Metro ranked #4 in Annual Wage Growth and #25 in 5-Year Wage Growth (Milken Institute) Ocala Metro annual Area Median Income increased 15% Year over Year. (US Department of HUD)
Listing Information
Property Type: Commercial, Office
Status: Active
Lot Size: 0.66 Acres
Year Built: 1917
Construction: Concrete
Foundation: Basement,Block
County: Marion
Interior Features
Basement: Exterior Entry, Interior Entry, Other
Utilities
Cooling: Central Air
Exterior / Lot Features
Out Buildings: Garage(s)
Driving Directions
North on North 1st Avenue two blocks from Downtown Square.
Financial Considerations
Tax/Property ID: 2823-063-000
Tax Amount: 37587
Tax Year: 2024
A broker reciprocity listing courtesy: BOYD REAL ESTATE LLC
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for
Sales History
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Tax Summary
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Schools
Schools nearby
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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