2941 3Rd St Ocala, FL 34470

This exceptional value-add investment opportunity presents a multi-tenant office complex totaling 10,200 square feet, situated on a 1.68-acre lot in Ocala, Florida. The property comprises two buildings constructed in 1974 and 1977, featuring a mix of single-story and two-story units. Currently boasting 95% occupancy with six units and five tenants, the property generates a substantial net operating income (NOI) of $58,000, resulting in a compelling 4.91% cap rate. The asking price is $1,200,000. The property is zoned B2A, offering flexibility for future development, and includes an excess land pad. Building 2941 and 2943, a single-story structure of 2,100 square feet, houses one tenant. Building 2945, a two-story building of 8,100 square feet, accommodates four tenants on the lower level (4,100 square feet) and one tenant on the upper level (4,000 square feet). The rent structure is gross rent, with utility responsibilities varying by unit. Most tenants have multiple renewal options. The property benefits from ample parking and convenient access, with three addresses on the parcel: 2941, 2943, and 2945 NE 3rd Street, located near the intersection of NE 3rd Street and E Silver Springs Blvd. Floor plans are available for select units. The Marion County Parcel ID is 2781-000-010.