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Property profile

17 1st Ave Ocala, FL 34470

OFF-MARKET
Commercial real estate
Property ID
US18-4566859
View Sample
5,106 SF 0.1 ac lot Built 1942
Individually Owned 27-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This exceptional restaurant space, totaling 2,355 square feet, is ideally situated in downtown Ocala, Florida, just one block from the vibrant downtown square. Available for lease starting January 2024, this single-tenant property at 17 & 19 SW 1st Ave, Ocala, FL 34471, presents a fantastic opportunity for a small-format restaurant or hospitality business. The property boasts high street visibility, ensuring excellent exposure to potential customers. Inside, you'll find a well-equipped space featuring a walk-in cooler, a built-in bar, a mezzanine seating area perfect for creating a unique ambiance, and a private office for administrative needs. The property also includes ADA-compliant restrooms and a central HVAC system for year-round comfort. Convenient parking is readily available, and the location places your business within easy walking distance of other dining establishments, shopping options, and various city amenities, making it a central hub for local events. The property is zoned FBC. The lease is a NNN lease with estimated CAM charges of $3.37 per square foot. This turnkey space is ready for immediate occupancy and offers a rare chance to establish a thriving business in a highly desirable downtown location.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1942
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,106 SF
Lot 0.1 ac (4,356 SF)
Zoning code FBC
APN 2823-064-003
UPID US18-4566859

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$225k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

Owner & transaction history

since 1998
2 recorded transactions
1998
$125,000
1969
Price N/A

Zoning & alternative use

FBC · Ocala, FL
General category UNKNOWN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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