Property Description

Bring an offer! Motivated Seller! B-4 Zoning the highest use classification; you can make this acreage a shopping center, sports arena, contractor yard, storage facility or a skate ring. The uses are numerous. Currently this property is being used as an automotive repair shop, a lucrative core business and a tow yard. Tow truck and other equipment included with the right offer. Move in ready to start your own automotive repair business or other. Business has 3 bays, plenty of parking and an office space. New electrical system 2018 with 200 amps, the home and business each have their own meters and there are security lights. This offering comes with a gated 3 bedroom 2 bath doublewide located on the premises as well. Situated on the busy Hwy of 301; LOCATION LOCATION LOCATION! This business is considered a part of the metropolitan area of Ocala Fl. The population of Ocala in 2020 is 61,719 with an annual growth rate of 1.06%. The traffic count for Hwy 301 is 13,300 per day. Hwy 301 is a 4-lane Hwy at this juncture. This is the route taken to go north to Jacksonville. The estimated overall capitalization rate is 13% with an estimated NOI of $64,269 annually.