Ocala Area Adult Entertainment
301 S Pine Ave, Ocala, FL 34471
For Sale
Contact for pricing
Adult entertainment venue with full bar and ample parking.
Property Size5,500 SF
Lot Size1.32 Acres
Price / SF$727.27
Days on Market1057
Property Features for 301 S Pine Ave
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Building Details
Buildings
Tenancy
Listing Agency:
Patricia Burnside Realty
Listed By:
Julie Negovan · License FL #3449363
(305) 389-5800
Source:
Crexi
Added: Dec 20, 2023
Changed: Nov 6
Last Checked: Nov 8 at 9:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Patricia Burnside Realty
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Investment Insights
Based on property information with market context.
This property is a premier destination for adult entertainment in the Ocala area. The space includes a full bar, a stage with poles, and a DJ booth. A 100-space parking lot is available on the 1.32-acre site. There are two buildings on the premises. The primary building is approximately 5500 square feet and is currently operating with partial nude entertainment. The second building, which is 2500 square feet, once operated as a gay club but is currently closed. The price includes the business name, goodwill, FF&E, and all licenses required for the operation of the business, including a 4-COP quota alcoholic beverage license.
Key Highlights
- Includes a 4‑COP quota alcoholic beverage license.
- Established business with name, goodwill, FF&E included.
- Operating 5500 sqft adult entertainment venue with stage, poles, DJ booth, and full bar.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$138,333
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,766,660
$2.8M
Cap Rate 7%
$1,976,186
$2.0M
Cap Rate 9%
$1,537,033
$1.5M
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$203.9K $37.08/SF
− Vacancy
−$6.3K −$1.15/SF
EGI
$197.6K $35.93/SF
− OpEx
−$59.3K −$10.78/SF
NOI
$138.3K $25.15/SF
Area
Marion County, FL
Vacancy
3.10%
Lease Rate
$37.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,766,660
Cap Rate 7%
$1,976,186
Cap Rate 9%
$1,537,033
Alternative Uses
Best Use
Retail
$1.98M
$1.73M – $2.31M
NOI $138,333 @ 7.0% cap · market cap 3.46%
Second Best
Specialty Retail
$951.9K
$832.9K – $1.11M
NOI $66,635 @ 7.0% cap · market cap 1.67%
Theoretical Best
Office A
$3.00M
$2.63M – $3.50M
NOI $210,239 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,608
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
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- bar — 48 sw 1st ave, ocala, fl 34471
- Mutiny Bar Ocala — 46 S Magnolia Ave, Ocala, FL 34471
- District Bar and Kitchen — 110 SW Broadway St, Ocala, FL 34471
Frequently Asked Questions
What type of property is this?
Night club - Adult entertainment venue with full bar and ample parking.
Where is this night club located?
The property is located at 301 S Pine Ave Ocala, FL.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Includes a 4‑COP quota alcoholic beverage license.; Established business with name, goodwill, FF&E included.; Operating 5500 sqft adult entertainment venue with stage, poles, DJ booth, and full bar.
