Great Investment & Passive Income Opportunity

Office for Sale
Catylist Listing ID: 30761512
Property Subtypes: Office Building
Building Size (RSF): 1,803 SF
Gross Building Area: See Agent
Gross Land Area: 0.58 Acres
Sale Price: $145,000
Unit Price: $80.42 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Ocala Sovereign Building
Usable Size (USF): 1,803 SF
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 9/15/2021

Overview / Comments

Great investment and passive income opportunity! This renovated office condo in the Ocala Sovereign Building is right in the middle of the up and coming downtown district. Condo consists of a lobby, reception desk, conference room or large office, five additional offices, and a break room. Comparable rents in the downtown area range from $15-$24/square foot. Originally built in 1927 as the Marion Hotel, The Sovereign Building is the second tallest building in Ocala and one of the most unique. On the National Historic Register since 1980, this historic building hosts a coffee shop, a ballroom, and offices on the first floor surrounding the beautiful lobby. Come check it out today!

Additional Details

Nearest MSA: Ocala
County: Marion
Tax ID/APN: 2854-043-003
Total Number of Buildings: 1
Year Built: 1927
Construction/Siding: Concrete
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central
Legal Description: EC 18 TWP 15 RGE 22 OCALA NATIONAL BANK BUILDING CONDOMINIUM AS PER OR BK 2467 PAGE 1141 MORE FULLY DESCRIBED AS FOLLOWS: PLAT BOOK E PAGE 001 OLD SURVEY OCALA BLK 43 LOTS 3.4 UNIT 201

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,404 49,822 99,704
Median Age: 39.99 39.3 41.31
Households: 2,684 20,055 40,914

Contact

Photograph of Listing Agent

Lori J. Busch

BUSCH REALTY MFCRE Member
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