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Multi-Tenant Office Units
For Lease
$600-$1,200/Mo

40 SW 1ST Street, Ocala, FL 34471

Commercial Lease, OCALA, FL

Space Size117 SF - 450 SF
Lot Size0.44 Acres
Days on Market412

Property Features for 40 SW 1ST Street

General Information

Property type Commercial Lease
Property subtype Office
Directions If you are driving east on Hwy 40, turn right on to SW 1st and the building will be on your right in 1/8 mile.
Subdivision 34471 - Ocala
Standard status Active
APN 2853-035-001
Lot size 0.44 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description SEC 18 TWP 15 RGE 22 PLAT BOOK E PAGE 001 OLD SURVEY OCALA BLK 35 N 1/2 EXC W 28 FT
Tax Annual Amount 14665
Legal Description SEC 18 TWP 15 RGE 22 PLAT BOOK E PAGE 001 OLD SURVEY OCALA BLK 35 N 1/2 EXC W 28 FT

Utilities

Cooling system Central Air

Amenities

shared conference room
kitchen
bathrooms
Ocala Fiber High Speed Internet

Building Details

Year built 1920
Building materials Block
Listing Agency: GUS GALLOWAY REALTY INC
Listed By: Forrest Opitz · License #3587467
Added: Aug 9, 2025 Changed: Aug 19 Last Checked: Sep 24 at 2:06PM
MLS# OM707263

Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This multi-tenant office building in downtown Ocala provides individual offices ranging from 117 square feet to 450 square feet. Shared building amenities include a conference room, kitchen, and bathrooms, while central air supports the interior environment. The property was built in 1920 with block construction.

Located at 40 SW 1st Street in Ocala, the offices include Ocala Fiber high-speed internet and all utilities. Lease terms require a minimum 13-month commitment, followed by month-to-month occupancy after the 13th month. The configuration offers separate office options within a shared professional setting.

Key Highlights

  • Office sizes range from 117 sqft to 450 sqft
  • Shared conference room, kitchen, and bathrooms
  • Ocala Fiber High Speed Internet and all utilities included

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Storage Facility HVAC Service (Bike/Boat/Book/etc) Store Butcher Bakery Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Yes
Utilities to site
NNN (Triple Net)
Lease Type
$7.02 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,350
Businesses Nearby

Demographics for 34471, FL

27,632
Population
12,071
Households
2.3
Avg Household Size
43
Median Age
36%
College-Educated
93%
High-School Grad
19.8 sq mi
ZIP Area
1,396
Density / Sq Mi
$60,283
Median Household Income
$37,565
Median Earnings
$1,225
Median Rent
$292,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Ocala, FL

$65.98 /SF/Yr
Avg Asking Price
$1.49–$960 /SF/Yr
Price Range
6,955 SF
Avg Space Size

This space is priced 29% below the average of $65.98 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Flexible offices include shared conference, kitchen, and bathroom facilities.
Where is this office units located?
The property is located at 40 SW 1ST Street Ocala, FL.
What is the lease rate?
The lease rate is $600/Mo.
What are key features of this property?
This property features: Office sizes range from 117 sqft to 450 sqft; Shared conference room, kitchen, and bathrooms; Ocala Fiber High Speed Internet and all utilities included
More about this property
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