3680 E Silver Springs Boulevard Ocala, FL 34470
Retail
MLS #: O6416521
Courtesy Of LPT Realty, LLC.
Property InformationDescription
Offered is a high-visibility, dual-building automotive investment property located on ±0.86 acres along E Silver Springs Blvd in Ocala, FL The site is zoned B2A and positioned in a strong commercial corridor with established traffic and surrounding retail synergy.
The primary building is occupied by Take 5 Oil Change under a corporate-guaranteed NNN lease, with 7 years remaining on the initial 15-year term, providing stable, passive income with minimal landlord responsibilities. The structure was originally built in 1984 and has been recently improved, including a reroof in 2023 and fresh exterior paint, supporting long-term durability and tenant retention. The property also includes a second freestanding building currently configured for automotive use (formerly car wash / auto repair), which has been converted into a detailing, tinting, and tire shop-style facility
This creates a compelling value-add opportunity. Pro forma underwriting projects a much higher cap rate upon stabilization, assuming the secondary building is leased to a complementary automotive or tire-related business, enhancing both income and site synergy.
The site features substantial paved areas, including over 13,900 SF of asphalt paving and additional concrete improvements allowing for strong circulation, stacking, and parking ideal for automotive operations.
This is an ideal opportunity for investors seeking stable corporate-backed income with additional upside through lease-up and optimization of the secondary building.
The primary building is occupied by Take 5 Oil Change under a corporate-guaranteed NNN lease, with 7 years remaining on the initial 15-year term, providing stable, passive income with minimal landlord responsibilities. The structure was originally built in 1984 and has been recently improved, including a reroof in 2023 and fresh exterior paint, supporting long-term durability and tenant retention. The property also includes a second freestanding building currently configured for automotive use (formerly car wash / auto repair), which has been converted into a detailing, tinting, and tire shop-style facility
This creates a compelling value-add opportunity. Pro forma underwriting projects a much higher cap rate upon stabilization, assuming the secondary building is leased to a complementary automotive or tire-related business, enhancing both income and site synergy.
The site features substantial paved areas, including over 13,900 SF of asphalt paving and additional concrete improvements allowing for strong circulation, stacking, and parking ideal for automotive operations.
This is an ideal opportunity for investors seeking stable corporate-backed income with additional upside through lease-up and optimization of the secondary building.
Features
- Age: 41-50 Years Old
- Architecture Style: Other
- Cooling System: Window Unit(s)
- Cooling System: Multi Units
- Cooling System: Wall/Window Unit(s)
- Exterior Type: Concrete
- Legal Description: SEC 11 TWP 15 RGE 22 PLAT BOOK S PAGE 034 OCALA SQUARE LOT 1
- MLSID: O6416521
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