Current Use by Public Records
- Lifestyle centers
Property Details for 14381 Fl-40
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
Exceptional investment opportunity in Silver Springs, Florida, presents the Lynn Plaza Strip Center, a thriving 10,582 square foot retail complex. This property boasts a 100% occupancy rate, featuring a turnkey liquor store complete with license and inventory, situated within an eight-unit commercial condo complex (within a ten-unit building). Building 2 is a standalone structure currently leased, while Building 1 houses three leased units. Building 3, currently used by the owner for liquor store operations and storage, offers potential for conversion into four separate units, increasing the total to eight rentable spaces. Strategically located on Highway 40, this property benefits from high visibility and convenient access between Interstates 95 and 75, enjoying significant traffic flow. Its proximity to Ocala (9 miles east) and Ormond Beach (60 miles west) further enhances its appeal. The property's location within the Ocala National Forest provides access to abundant recreational opportunities, including lakes, rivers, and various outdoor activities. Daytona Beach is also within a one-hour drive. The gross lease structure ensures consistent income, making this a compelling investment with strong potential for future growth and returns. The asking price is $1,400,000.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Silver Springs
- County
- Marion
- State
- Florida
- Longitude
- -81.9145
- Latitude
- 29.1963
