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Restaurant - SUNSET ADD for Sale

2111 SW COLLEGE, OCALA, FL 34471

Asking Price$5,500,000

  • Days on market:

    9 day(s)
  • Original Price:

    $5,500,000
  • Price per sqft:

    $473.08
  • Tax 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
  • Tax Year:

    2024
  • Property Type:

    Restaurant
  • Parking:

    Ground Level Lighted Over 30 Spaces
  • Construction Type:

    Brick
  • Roof:

    Metal
  • Cooling Description:

    Central Air
  • Heating Description:

    Central
  • Floor Description:

    CarpetCeramic Tile
  • Special Listing Conditions:

    None
  • Lot Features:

    Central Business District Oversized LotCity Lot Near Public Transit Landscaped Curb and Gutters Retention Pond

Description

$5,500,000 • living size area 11626 sqft

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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