1839 SW College Rd - Freestanding FOR SALE


Ocala, FL 34471
$2,500,000 USD
352-572-9109
1839 SW College Rd, Ocala, FL for Sale
$2,500,000 USD
Freestanding - FOR SALE
1/3
null | 5.25% Cap Rate

1839 SW College Rd
Ocala, FL 34471


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.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$229 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

B-4

APN/PARCEL ID

23500-000-00

ASK ABOUT THIS PROPERTY

Nolan GallowayGus Galloway Realty Inc.More Info
352-572-9109

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Nolan GallowayGus Galloway Realty Inc.More Info
352-572-9109

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.