1839 College Rd, Ocala, FL 34471

10,933 SF | Retail Building | Ocala, FL 34471 | $2,500,000 ($229/SF) | 5.25% Cap Rate

Date Added:
May 17, 2024
Days on Market:
28 days

Asking Price $2,500,000

Property Type
Retail
Square Feet
10,933 SF
Price / Square Foot
$229

Listing Contacts

Nolan Galloway
Nolan Galloway
Verified Profile
Charles White
Charles White
Verified Profile
  • Property Info

Property Overview

Class A Retail Building with frontage on SR 200 (College Road) Ocala's #1 Corridor. The building is currently leased to a Curaleaf Florida, a Medical Cannabis Dispensary, who recently entered into their second 5 year term which is set to expire or renew in November 2028. Curaleaf Florida is leasing the property on a NNN basis with a current annual net income of $131,196 with 5% annual escalations. The property has substantial renovations to suit the tenant’s needs; the current interior buildout consists of reception, pharmacy, consultation rooms, warehouse, 4 roll up doors with varying levels of dock high loading, excellent exposure on SR 200, and ample parking. The property sits on .64 acres and is located on SR 200 close to I-75, US Hwy 441/301/27, Downtown Ocala, Local Hospitals, and the Marion County Courthouse.

Property Details

Class
C
Year Built/Renovated
1984/2020
Stories
1
Property Subtype
Freestanding
Lot Size (sq. ft)
27,878 SF

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