$1,850,000
$1,950,000
5.1%For more information regarding the value of a property, please contact us for a free consultation.
29 NE 1ST AVE Ocala, FL 34470
10,240 SqFt
Key Details
Sold Price $1,850,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 10,240 sqft
Price per Sqft $180
MLS Listing ID OM674891
Sold Date 04/18/24
HOA Y/N No
Year Built 1917
Annual Tax Amount $20,376
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 56x116
Property Sub-Type Mixed Use
Source Stellar MLS
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.
Location
State FL
County Marion
Area 34470 - Ocala
Interior
Cooling Central Air
Building
Story 1
Foundation Crawlspace
Lot Size Range 0 to less than 1/4
Structure Type Block,Brick,Stone,Stucco,Wood Frame
New Construction false
Others
Ownership Other
Special Listing Condition None
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2025 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with GUS GALLOWAY REALTY INC