4,114 SqFt
4,114 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 4,114 sqft
Price per Sqft $328
Subdivision Ocala Square
MLS Listing ID O6416521
HOA Y/N No
Year Built 1984
Annual Tax Amount $6,970
Lot Size 0.860 Acres
Acres 0.86
Property Sub-Type Retail
Source Stellar MLS
Property Description
The primary building is occupied by Take 5 Oil Change under a corporate-guaranteed NNN lease, with 7 years remaining on the initial 15-year term, providing stable, passive income with minimal landlord responsibilities. The structure was originally built in 1984 and has been recently improved, including a reroof in 2023 and fresh exterior paint, supporting long-term durability and tenant retention. The property also includes a second freestanding building currently configured for automotive use (formerly car wash / auto repair), which has been converted into a detailing, tinting, and tire shop-style facility
This creates a compelling value-add opportunity. Pro forma underwriting projects a much higher cap rate upon stabilization, assuming the secondary building is leased to a complementary automotive or tire-related business, enhancing both income and site synergy.
The site features substantial paved areas, including over 13,900 SF of asphalt paving and additional concrete improvements allowing for strong circulation, stacking, and parking — ideal for automotive operations.
This is an ideal opportunity for investors seeking stable corporate-backed income with additional upside through lease-up and optimization of the secondary building.
Location
State FL
County Marion
Community Ocala Square
Area 34470 - Ocala
Zoning B2A
Interior
Cooling Office Only, None, Wall/Window Unit(s)
Building
Story 1
Foundation Block
Lot Size Range 1/2 to less than 1
Structure Type Concrete
New Construction false
Others
Ownership Fee Simple
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6416521
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