2111 College Road, OCALA, FL 34471
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Priced at Only: $5,500,000
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Address: 2111 College Road, OCALA, FL 34471
Property Location and Similar Properties
- MLS#: O6279940 ( Commercial Sale )
- Street Address: 2111 College Road
- Viewed: 111
- Price: $5,500,000
- Price sqft: $437
- Waterfront: No
- Year Built: 1996
- Bldg sqft: 12576
- Days On Market: 143
- Additional Information
- Geolocation: 29.173 / -82.1615
- County: MARION
- City: OCALA
- Zipcode: 34471
- Subdivision: Sunset Add
- Provided by: COLDWELL BANKER RESIDENTIAL RE
- Contact: Edward Johnston
- 407-647-1211
- DMCA Notice
Description
This is a NNN Sale producing 5.75% return on investment, within 28 months before the new bump of 10% bringing the income to $349,418 to and a 6.3% return with bumps of 10% every 5 years. There is 12 years remaining on the lease by award winning franchisee with 32 locations throughout Florida and Georgia, with 3 Five Year option for this high performing store.
Description
This is a NNN Sale producing 5.75% return on investment, within 28 months before the new bump of 10% bringing the income to $349,418 to and a 6.3% return with bumps of 10% every 5 years. There is 12 years remaining on the lease by award winning franchisee with 32 locations throughout Florida and Georgia, with 3 Five Year option for this high performing store.
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- HOA Fees $
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Building and Construction
- Covered Spaces: 0.00
- Flooring: Carpet, Ceramic Tile
- Living Area: 11626.00
- Roof: Metal
Land Information
- Lot Features: Central Business District, Curb and Gutters, City Limits, Landscaped, Near Public Transit, Oversized Lot, Retention Pond, Paved
Garage and Parking
- Garage Spaces: 0.00
- Open Parking Spaces: 0.00
- Parking Features: Ground Level, Lighted, Over 30 Spaces
Eco-Communities
- Water Source: Public
Utilities
- Carport Spaces: 0.00
- Cooling: Central Air
- Electric: 200+ Amp Service
- Heating: Central
- Road Frontage Type: Main Throrughfare
- Sewer: Public Sewer
- Utilities: BB/HS Internet Capable, Electricity Available, Public, Water Connected
Finance and Tax Information
- Home Owners Association Fee: 0.00
- Insurance Expense: 0.00
- Net Operating Income: 317653.00
- Other Expense: 0.00
- Tax Year: 2024
Other Features
- Accessibility Features: Accessible Approach with Ramp, Accessible Entrance, Accessible Full Bath
- Country: US
- Legal Description: SEC 24 TWP 15 RGE 21 PLAT BOOK C PAGE 51 SUNSET AD BLK E LOTS 1.2.3.12.13.14 LESS AND EXC THE ELY 98 FT OF LOT 14 & THE S 6.07 FT OF THE ELY 98 FT OF LOT 1 TOGETHER WITH THAT PART OF ABROGATED ALLEY LYING BETWEEN LOTS
- Area Major: 34471 - Ocala
- Occupant Type: Tenant
- Parcel Number: 23534-000-00
- Possession: Close of Escrow
- Views: 111
- Zoning Code: B2
Contact Info
- The Dial Team
- Tropic Shores Realty
- Love Life
- Mobile: 561.201.4476
- dennisdialsells@gmail.com