1601 NE 25TH AVE, OCALA, FL 34470

Skylark Plaza at 1601 NE 25th Avenue, Ocala, FL 34470 offers investors the opportunity to acquire a high-performing mixed-use retail, medical, and government plaza in one of Ocala’s established commercial corridors. Encompassing 86,011 rentable square feet on a 10.62-acre parcel, the property is 95.52% occupied by 12 tenants, providing stable in-place income with additional upside. Priced below replacement cost at $89.21/SF, Skylark Plaza features strong cash flow with a current NOI of $690,634 and a 9.00% cap rate. The tenant mix includes a blend of service-oriented, education, healthcare, and government users, with most leases featuring annual rent increases. Investors can also capitalize on meaningful value-add potential through below-market rents, averaging approximately 40% below market. Recent capital improvements include interior renovations for tenant renewals, 25% roof replacement, and parking lot seal and stripe, helping reduce near-term capital needs. Positioned with convenient access from both NE 25th Avenue and NE 14th Street, the property benefits from strong visibility, surrounding national retailers, and close proximity to major healthcare, employment, and transportation drivers, including Ocala International Airport.