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Salt Springs Square 14100 N Highway 19 19,916 SF 100% Leased Retail Building Salt Springs, FL 32134 $1,954,288 CAD ($98.13 CAD/SF) 3.69% Cap Rate
INVESTMENT HIGHLIGHTS
- Over 80% occupancy with long term leases, stable cash flow producing asset in the Ocala, FL MSA, the fastest-growing metro in the United States
- 59 humidity-controlled self-storage units, averaging near 90% occupancy and generating steady monthly income.
- .97 acres outparcel included with site-ready conditions. B-2 zoning permits hotel, motel, restaurant, and fast food with drive-thru access.
- Ocala, FL metro had a 2023 GDP of nearly $16B and a projected population growth of up to 30% by 2040.
- Potential Gross Income (PGI) annually for 11 leasable suites is $145k at market average of $9 SF.
- Adjacent Salt Springs Resort—home to 500 RV sites and 39 cottages, operates near full capacity, planning to build 24 new sites.
EXECUTIVE SUMMARY
19,916 SF retail plaza located in the Ocala, FL MSA, the fastest-growing metro in the United States. With over 80% occupancy and long-term leases in place, the asset provides reliable, stable cash flow in a high-demand market. The Ocala metro ranked #36 out of 200 large metros nationwide, with a 2023 GDP of nearly $16 billion. The University of Florida projects Marion County's population could grow by up to 30% by 2040, signaling strong long-term demand. Opportunities like this—with both current income and future upside—are rare in this market and beyond. In addition to the 11 leasable suites, the property includes 59 humidity-controlled self-storage units, averaging near 90% occupancy generating significant steady monthly income. The retail interiors are adaptable, with configurable walls that allow for future reconfiguration or redesign. Offering includes two parcels totaling 3.73 acres, both zoned B-2 (Community Business) and served by public water and sewer. Outparcel presents excellent potential for development, with site-ready conditions. B-2 zoning allows for a wide variety of commercial uses, including hotel, motel, restaurant, and fast food with drive-thru access. Located in the heart of Salt Springs, the plaza sits adjacent the Salt Springs Resort—home to 500 RV sites and 39 cottages, that operates consistently near full occupancy. Directly across State Road 19 is the Salt Springs Recreation Area, one of the top destinations in the Ocala National Forest, which attracts millions of visitors annually. Notably, over 8.2 million people—more than a third of Florida’s population—live within an hour’s drive of Ocala National Forest. The property's proximity to the forest places it at the center of Florida’s thriving eco-tourism industry. Consistent year-round foot traffic brings significant demand for retail, hospitality, and service businesses in the immediate area. This is a rare opportunity to acquire a stabilized, income-producing asset with long-term upside in one of Florida’s most dynamic growth markets.
DATA ROOM Click Here to Access
- Offering Memorandum
- Miscellaneous
FINANCIAL SUMMARY (ACTUAL - 2026) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
19,916 SF
Building Class
B
Year Built/Renovated
1986/2005
Price
$1,954,288 CAD
Price Per SF
$98.13 CAD
Cap Rate
3.69%
NOI
$72,190 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
3.73 AC
Zoning
B2 - Community Business
Parking
69 Spaces (3.46 Spaces per 1,000 SF Leased)
Frontage
350’ on North Highway 19
AMENITIES
- Courtyard
- Property Manager on Site
- Pylon Sign
- Restaurant
- Signage
- Storage Space
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $1,305,017 CAD (2024) | |
| Land Assessment | $95,090 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $24,079 CAD (2024) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$95,090 CAD (2024)
Improvements Assessment
$24,079 CAD (2024)
Total Assessment
$1,305,017 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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Salt Springs Square | 14100 N Highway 19
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