Ocala, FL

About this home

A Stabilized Income-Producing Investment in the Path of Ocala's Future Growth $3,950,000 Purchase Price 7.9% Cap Rate Three Professional Tenants Fully Renovated Stabilized Income Downtown/Midtown Location Positioned in the Path of Future Growth **** 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)