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    5545 E Silver Springs Blvd Silver Springs, FL 34488

    Pending
    For Sale
    $899,000

    SINGLE_FAMILY - Silver Springs, FL

    Type:Retail
    Lot size:
    0.55 Acres
    Days on Market:
    31
    Last Refresh:
    Dec 5 at 4:06 am

    Property Features for 5545 E Silver Springs Blvd

    General Information

    Special listing conditions
    Standard
    Property type
    Residential
    Property subtype
    Retail
    TransactionType
    Standard
    Standard status
    Pending
    Zoning
    Out of County
    APN
    0598941000
    Parking
    33
    Interior features
    HighCeilings, SolidSurfaceCounters, FirstFloorEntry
    Exterior features
    Landscaping, Lighting
    Fencing
    Privacy
    Lot size
    0.55 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1965
    Floors in Building
    1
    Flooring type
    Tile
    Building materials
    Brick, Block, Concrete, Stucco
    Roof type
    Metal, Shingle

    Century21 J.W. Morton Real Estate, Inc (352) 726-6668 [email protected]

    Listing agent Richard Fernley (352) 726-6668 License #3602811

    Listing date Nov 5, 2025

    Copyright © 2025 REALTORS Association of Citrus County, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Restaurant Near Silver Springs Park

    This historic 3,114 square foot restaurant is located on the corner of State Road 40 and County Road 35 in the Ocala, FL MSA, approximately 650 feet from the entrance to Silver Springs State Park. The property, situated on 0.55 acres, features approximately 500 feet of road frontage. Originally developed in the 1940s as a Howard Johnson's Restaurant, the current structure was built in 1965 as a modernized version to complement the adjacent Howard Johnson's Motor Lodge, which is also available for purchase. The restaurant was completely remodeled in 2019 and includes a full commercial kitchen with natural gas cooking equipment, a pizza oven, a fryer, a walk-in cooler, and a dedicated storage area. The dining area can accommodate up to 120 patrons, and the property holds a 2COP retail beverage license for on-premise beer and wine sales. The property is located within Catalyst Site #4 of the Silver Springs CRA Master Plan, which calls for potential re-routing of State Road 40 that may increase the frontage of the existing parcel. Site #4 also suggests a mix of neighborhood-scale retail, duplex, and triplex residential development of up to 47 dwelling units. The CRA Master Plan encourages renovation, conversion, or redevelopment, and Marion County's Special Use Permit process allows for alternative uses. The Ocala, FL MSA has a 2023 GDP of nearly $16 billion. Marion County's population is projected to grow up to an additional 30% by 2040.
    Location Intelligence

    Current Use by Public Records

    Silver Springs Pizza Pizza Restaurant

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    El Puente Catering

    Location Insight

    • Map
    • Local Demand
    City
    Silver Springs
    County
    Marion
    State
    Florida
    Longitude
    -82.057637
    Latitude
    29.21747

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    FAQs

    What type of property is this?
    Restaurant - Remodeled restaurant near Silver Springs State Park with redevelopment potential.
    Where is this restaurant located?
    The property is located at 5545 E Silver Springs Blvd Silver Springs, FL.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: - Prime location on a highly traveled corner near Silver Springs State Park in the rapidly growing Ocala, FL MSA.; - Turnkey restaurant with a **fully equipped commercial kitchen** and seating for 120 patrons.; - Opportunity to reunite with the adjacent Howard Johnson's Motor Lodge (also for sale) after 30 years.
    (352) 726-6668
    Request Owner's contact information
    5545 E Silver Springs Blvd Silver Springs, FL 34488
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    Silver Springs, FL 34488
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5545 E Silver Springs Blvd Silver Springs, FL 34488
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