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31869869
31869870

1601 NE 25TH AVE, OCALA, FL 34470

RT
FL BK3015549
Marcus & Millichap - Orlando
DV
FL SL3294062
Marcus & Millichap - Orlando
Listed by Marcus & Millichap - Orlando
$8,658,300
42 days on market
Updated 4 days ago

SKYLARK PLAZA

Details
APN 26879-001-04
Property Type Retail, Mixed Use
Sub Type Shopping Center
Square Footage 86,011
Units 2
Cap Rate 8.00%
NOI $692,664
Occupancy 98.55%
Tenancy Multi
Price per SqFt $101
Class B
Year Built 1986
Stories 1
Acreage 10.620
Investment Type Value Add
Ground Lease No
Sale Condition For sale by owner

SKYLARK PLAZA

Marketing description

Skylark Plaza, located at 1601 NE 25th Avenue, Ocala, Florida 34470, is a compelling mixed-use investment opportunity in one of Ocala’s established commercial corridors. Situated on 10.62 acres, this 86,011-square-foot plaza is approximately 99% occupied and features a diversified tenant mix of retail, medical, education, and government users, helping provide durable cash flow and tenancy stability.

The property offers immediate upside through below-market rents, averaging roughly 40% below market per CoStar, while many leases include annual rental increases. Recent capital improvements—including interior renovations for tenant renewals, 25% roof replacement, and parking lot seal and stripe—support a well-maintained asset with reduced near-term capital needs.

Positioned with excellent access from NE 25th Avenue and NE 14th Street, Skylark Plaza benefits from strong visibility and traffic counts of approximately 14,400 AADT on NE 25th Avenue and 20,000 AADT on NE 14th Street. Surrounded by national retailers, healthcare providers, and major area demand drivers, this offering combines in-place income, value-add potential, and a strategic Ocala location just nine miles from Ocala International Airport.

Investment highlights

86,011 Rentable Square Foot Mixed-Use Plaza | Situated on Large 10.62 Acre Parcel

•99% Occupied to Desirable Mix of Retail, Medical & Government Tenants

•Value-Add Potential Through Below Market Rent --40% Below Market on Average (Per Costar)

•Currently Leased to 12 Tenants with Most Offering Annual Rent Increases

•Priced Below Replacement Cost at $95/SF

•Recent Major Capital Expenditures Include: Interior Renovations for Tenant Renewals, 25% Roof Replacement, Parking Lot Seal & Stripe (See Agent for Further Details)

•NE 25thAvenue and NE 14thStreet Provide Great Access to Property

•Nine Miles to Ocala International Airport

Listing Contacts

RT
FL BK3015549
Marcus & Millichap - Orlando
DV
FL SL3294062
Marcus & Millichap - Orlando
Listed by Marcus & Millichap - Orlando

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$692,664.00
$57,722.00/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

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