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Ocala, FL, 34470 | $4,200,000
**** INCOME PRODUCING ***** - **** DOWNTOWN MIDTOWN ****
The 125 N in Midtown site is located in the heart of Downtown / Midtown Ocala Just off of Silver Springs Boulevard also known as State Road 40. This completely remodeled Historic building is home to three professional offices and within steps of the new redeveloped and revitalized downtown Ocala. Across from the square, close to all activities, this location offers visibility and accessibility, for all tenants and is highly sought after. The almost half block surface parking portion of this site is coveted in Downtown Ocala.
*Renovated in 2022
*Surface Parking AND a private parking Garage
*Three credit tenants in place
*Low maintneance
*Walking Distance to ALL new Downtown and Midtown establishments
*In the growth path of the City Reimagine Midtown future development plans.
Discover the vibrant appeal of Ocala, FL, where the property is nestled in a bustling commercial hub. Located in the heart of downtown, the area provides a prime investment opportunity for prospective Office / Office Building investors. With easy access to major highways and public transportation, the location offers convenience for tenants and clients alike. Nearby, the historic Ocala Downtown Square presents a charming selection of dining, entertainment, and cultural attractions. Additionally, the area is home to renowned medical facilities, educational institutions, and corporate offices, attracting a steady stream of professionals and visitors. Join the thriving business community in this dynamic and promising locale.
Ocala Metro Statistics of Note:
Population - Ocala MSA - 2021 - 385, 915; 2023 - 400, 000; 2040 - 500, 000
Population Ocala MSA US Census Bureau June 30, 2021
142nd Largest Metro, Top 25 Fastest Growing by rate, 38th Fastest Growing by quantity
Moving Into Ocala vs. Moving Out of Ocala
5. 24 move in for every 1 that moves out = #1 in Nation
Ocala Metro is growing by over 1000 people per month.
Millennial population (30-39) is growing at double the US Average and among the highest for all small metros in the nation.
US News and Work Report Best Places Lists, ranks Ocala Metro:
#10 Safest Places to Live
#5 Fastest Growing Metro
#16 Best Places to Retire
Housing Market
79% jump in single family permits over previous year - largest increase in the country.
Ocala Metro ranked #2 in Florida and #4 in the Nation in Moneys ranking of the Top 10 Hottest Housing Markets
Income Growth
Median Household Income Grew 31. 4% faster than the US Average 2016-2020
The Ocala Metro ranked #4 in Annual Wage Growth and #25 in 5-Year Wage Growth (Milken Institute)
Ocala Metro annual Area Median Income increased 15% Year over Year. (US Department of HUD)
Features
- Property Type: Office
- Construction: Concrete
- Cooling: Central Air
- Year Built: 1917
- Acreage: 0.66
- Est. Taxes: $37,587
- MLS#: OM710851
- Days on Market: 78 days
- Website: https://www.raveis.com
/prop/OM710851/_ocala_fl?source=qrflyer
Listing courtesy of BOYD REAL ESTATE LLC Phone: 352-861-2248
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Pedro DelgadilloInsurance Sales Director, William Raveis Insurance
305.922.5393
Pedro.Delgadillo@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
Ocala, FL, 34470
$4,200,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $3,360,000 | $3,360,000 | $3,360,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.353% | 6.121% | 6.038% |
| Monthly Tax Payment | $3,132 | $3,132 | $3,132 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $19,342 | $20,145 | $28,127 |
| Total Monthly Payment | $22,599 | $23,402 | $31,384 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388