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2416 SE 58th Ave
Ocala, FL 34480
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Income Tax Advantage - Located in Florida, state with no state income tax, offering investors potential tax savings & increased net returns
- High-Growth Ocala Market - Ocala’s booming economy, growing population, and demand for retail space position this asset within a thriving market.
- Prime Outparcel Dev Opp - The property includes an outparcel ready for dev, offering additional income potential and tenants with high-demand use
- Upside with Under-Market Rents - Current rental rates are below market, offering a strong opportunity for rent growth and increased cash flow on renew
- Value-Add with Current Occupancy - The property’s current occupancy allows for income growth through lease-up and proactive management.
EXECUTIVE SUMMARY
This 40,756-square-foot industrial facility offers a rare opportunity to acquire a freestanding asset in the heart of Ocala’s growing commercial corridor. Strategically located along SE 58th Avenue, the property provides direct access to major thoroughfares including US-301, SR-200, and I-75, positioning it within reach of key distribution routes across Central Florida.
Ocala is known for its strong logistics and manufacturing base, bolstered by a business-friendly climate, low operating costs, and proximity to major cities such as Orlando, Tampa, and Gainesville. The city’s economic development initiatives and infrastructure investments continue to attract industrial users and investors seeking long-term growth.
The building’s layout and scale make it suitable for a range of uses including warehousing, light manufacturing, or flex operations. With a listed cap rate of 7.27%, the property presents a compelling investment opportunity for owner-users or investors seeking stable returns in a supply-constrained market.
Nearby amenities include retail centers, service providers, and workforce housing, supporting tenant recruitment and operational efficiency. The site’s visibility and access also make it attractive for businesses requiring customer-facing operations or regional distribution.
Ocala is known for its strong logistics and manufacturing base, bolstered by a business-friendly climate, low operating costs, and proximity to major cities such as Orlando, Tampa, and Gainesville. The city’s economic development initiatives and infrastructure investments continue to attract industrial users and investors seeking long-term growth.
The building’s layout and scale make it suitable for a range of uses including warehousing, light manufacturing, or flex operations. With a listed cap rate of 7.27%, the property presents a compelling investment opportunity for owner-users or investors seeking stable returns in a supply-constrained market.
Nearby amenities include retail centers, service providers, and workforce housing, supporting tenant recruitment and operational efficiency. The site’s visibility and access also make it attractive for businesses requiring customer-facing operations or regional distribution.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
40,756 SF
Building Class
B
Year Built/Renovated
1991/2017
Price
$6,886,550 CAD
Price Per SF
$168.97 CAD
Cap Rate
7.27%
NOI
$500,652 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
5.76 AC
Zoning
C - General Commercial
Parking
199 Spaces (4.88 Spaces per 1,000 SF Leased)
Frontage
287’ on Southeast 58th Avenue
PROPERTY TAXES
| Parcel Number | 29697-017-01 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $2,015,011 CAD |
PROPERTY TAXES
Parcel Number
29697-017-01
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,015,011 CAD
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