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2508 SE 58th Ave, Ocala, FL, 34480

Baseline Plaza

$5,000,000

Key Information

Cap Rate
7%
$ per SF
$124
Tot. SF
39,781
Lot Size
6.28 Acres
Units
15
Year Built
1991/2017
Type
Shopping Centers
NOI
$345,502

Highlights

• Income Tax Advantage: Located in Florida, one of the few states with no state income tax, offering investors potential tax savings and increased net returns.
• Upside With Under-Market Rents: Current rental rates are below market, offering a strong opportunity for rent growth and increased cash flow as leases renew.
• High-Growth Ocala Market: Ocala’s booming economy, growing population, and demand for retail space position this asset within a thriving market.
• Value-Add With Current Occupancy: The property’s current occupancy allows for income growth through lease-up and proactive management.
• Prime Outparcel Development Opportunity: The property includes an outparcel ready for development, offering additional income potential and the flexibility to attract new tenants or establish a high-demand use, further enhancing the Plaza’s value.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # BK3554632, CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203