Current Use by Public Records
- Retail properties & Spaces
Property Details for 3498 Hwy
- Lot size
- 2.47 lot acres
- Property type
- Retail properties & Spaces
- 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.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ocala
- County
- Marion
- State
- Florida
- Longitude
- -82.1796
- Latitude
- 29.2662
