202 8Th Ave Ocala, FL 34470
- Commercial real estate
- 5,747 SF
- 0.96 lot acres
Current Use by Public Records
- Axiom Builders of Florida / Plumbing Service / General Contractor
- Little Black Mask Media, LLC / Marketing & Advertising / Advertising Agency
- Sentinel Tax Relief / Tax Preparation
- Priess King & Company / Accounting Firm / Tax Preparation
- Ocala Home Maintenance / Hardware & Home Improvement / General Contractor
Property Details for 202 8Th Ave
- Year built
- 1985
- Construction
- STEEL FRAME
- Lot size
- 0.96 lot acres
- Property size
- 5,747 SF
- Zone code
- RO
- Property type
- Commercial real estate
- APN
- 2820-045-008
- APU
- 2820045008
Description
This exceptional 5,940 square foot commercial office building presents a compelling investment opportunity in Ocala's vibrant Historic District. Strategically located within a designated Opportunity Zone, this property offers significant tax advantages for savvy investors. The building boasts nine individual offices, providing ample space for a variety of businesses or potential subleasing opportunities. Two well-appointed conference rooms facilitate productive meetings and collaborations. Conveniently located, the building includes nineteen parking spaces, a significant asset in a bustling downtown area. Restroom facilities are thoughtfully distributed, with two located downstairs and one upstairs. Adding to its versatility, one office features a built-in wet bar, perfect for informal gatherings or client presentations. The property also includes an additional building site, presenting exciting possibilities for future expansion or development. Its prime location offers easy access to a diverse range of local amenities, including restaurants, boutiques, and public transportation, enhancing its appeal to both employees and clients. This is a rare opportunity to acquire a well-maintained, centrally located commercial property in a thriving downtown area, offering substantial potential for growth and return on investment. The 0.96-acre lot provides ample space and potential for future development. The combination of prime location, attractive features, and Opportunity Zone benefits makes this a truly exceptional investment prospect.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $730,000
- ML approach
- $705,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $820,000
- AI Estimate
- $579,000
Market price range: $328k - $1.03MMarket price range: $233k - $795k
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Location Insight
- Map
- Local Demand
- City
- Ocala
- County
- Marion
- State
- Florida
- Longitude
- -82.1302
- Latitude
- 29.1889
- CBSA code
- 36100
- CBSA name
- OCALA, FL METROPOLITAN STATISTICAL AREA