3498 Hwy Ocala, FL 34475

Property Details for 3498 Hwy

Lot size

2.47 lot acres

Property size

4,000 SF

Property type

Retail properties

Property subtype

Auto shops

Description

This exceptional investment opportunity presents a 4,000 square-foot, 100% occupied auto dealership in Ocala, Florida. The property, situated on a 2.47-acre lot at 3498 West Highway 326, boasts a prime location off I-75, experiencing approximately 80,000 vehicles per day. The business, Impex International Truck Sales Inc., is a well-established (since 1994) and highly reputable dealership with a 30+ year history, serving both local and international markets. Annual gross revenues exceed $5,000,000, with Seller's Discretionary Earnings exceeding $1.5 million. The business offers a diverse range of services including sales of vocational trucks, cab chassis, and more, from notable manufacturers like Kenworth, Mack, and Peterbilt, along with additional services such as wet line kit installations and a consignment program. The property is zoned B5 and presents a significant value-add opportunity through the implementation of in-house financing, currently handled by third-party lenders for over 90% of sales. Ocala's robust industrial and commercial presence, particularly in the automotive and trucking sectors, further enhances this investment's potential. The city's strategic location, offering access to four of Florida's six major trucking routes, and its status as a growing logistics hub with major distribution centers from companies like Amazon, UPS, and Chewy.com, contribute to a strong and stable market. The asking price is $9,980,000, representing a price per square foot of $2,495. This turnkey operation offers passive ownership with an experienced management team and employees.

Location Insight

City

Ocala

County

Marion

State

Florida

Longitude

-82.1796

Latitude

29.2662