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$1,850,000
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Property Description
Great downtown investment opportunity. Property consist of two downtown retail units and 3 upstairs luxury apartments with designated parking. Property is fully leased and generating approx. $132,000 in annual income after expenses. Sale Price reflects a 6.75% cap rate for commercial and residential income.
Full Property Details
Full Property Details for 29 NE 1st Ave
General
- Sold For: $1,850,000
- Taxes: $20,376 (2023)
- Status: Closed
- Type: Commercial
- Source: MidFloridaRegionalMLS
- MLS ID: OM674891
- Added to Site: 230 day(s) ago
Location
- Area: 34470 - Ocala
- County: Marion
- Development Name: 34470 - Ocala
- Driving Directions: From Downtown Ocala take NE 1st Ave N. Property on the right
Community
- Community Name: 34470 - Ocala
Heating & Cooling
- Cooling Type: Central Air
Structural Information
- # Buildings: 1
- Exterior Const.: Block, Brick, Stone, Stucco, Wood Frame
- Square Feet: 10,240
- Sq. Ft. Source: Public Records
- Living Area: 10,240 Sq. Ft.
- Year Built: 1917
Lot Features
- Lot Size (Acres): 0.15
- Lot Size (Sq. Ft.): 6,534
- Lot Size: 6534
- Lot Dimensions: 56 x 116
- Frontage: City Street
- Street/Road Desc.: Paved
Financial Considerations
- Tax Amount: $20,376.16
- Tax Year: 2023
Disclosures and Reports
- Ownership: Other
- Special Conditions: None
- Legal Description: SEC 17 TWP 15 RGE 22 PLAT BOOK A PAGE 134 OLD SURVEY OCALA COM 28 FT S OF NW COR BLK 64 TH S 28 FT TH E 112 FT TH N 28 FT TH W 112 FT TO POB & COM AT NW COR BLK 64 TH E 112 FT TH S 28 FT TH W 112 FT TH N 28 FT TO POB & E 3.5 FT OF W 115.5 FT OF N 56 FT OF BLK 64
- Flood Zone Info: X
- APN: 2823064001
- Property ID: 2823064001
- Block/Lot/Section: 64
Listed by Gus Galloway Realty Inc
Sold by Gus Galloway Realty Inc
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Schools
Schools serving 29 NE 1st Ave
School District:Marion County School District
Rating | Name | Grades | Distance |
---|---|---|---|
511 Ne 12th Ave, Ocala, FL 34470 | PK-5 | 0.9 mi | |
545 Ne 17th Ave, Ocala, FL 34470 | 6-8 | 1.3 mi | |
7 Nw 28th St, Ocala, FL 34475 | 9-12 | 2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 29 NE 1st Ave
Date
Details
Price
Change
Source
4/18/2024
Sold
$1,850,000
-5.13%
MLS
3/15/2024
Listed
$1,950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
29 NE 1st Avenue, Ocala, FL 34470 (MLS# OM674891) is a Commercial property that was sold at $1,850,000 on April 18, 2024. Want to learn more about 29 NE 1st Avenue? Do you have questions about finding other Commercial real estate for sale in Ocala? You can browse all Ocala real estate or contact a Coldwell Banker agent to request more information.