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Salt Springs Plaza 14100 N Highway 19

20,000 SF 80% Leased Retail Building Salt Springs, FL 32134 £867,900 (£43/SF) 7% Net Initial Yield

Investment Highlights

  • Located just off of FL-19 and is adjacent to Dollar General.
  • Multiple tenants with storage facility with maturing leases.
  • Located in the heart of the Ocala National Forest, a Central Florida vacation destination.
  • A little over one hour from Daytona Beach and Crescent Beach.

Executive Summary

14100 N Highway 19 in Salt Springs consists of four buildings each measuring 5,00 square feet for a total offering of 20,000 square feet of rentable space. These multi-tenant buildings are adjacent to Dollar General. Located in the heart of the Ocala National Forest, a growing tourist area for Central Florida, these properties uniquely serve retail and office demand for the Salt Springs area.

Attachments

salt springs plaza september 2024

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
20,000 SF
Building Class
B
Year Built/Renovated
1993/2005
Price
£867,900
Price Per SF
£43
Net Initial Yield
7%
NOI
£60,753
Percent Leased
80%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.13
Land Acres
3.65 AC
Zoning
B2 - Retail storefront
Parking
50 Spaces (2.5 Spaces per 1,000 SF Leased)

Amenities

  • Restaurant
  • Signage
  • Air Conditioning
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14100 N Highway 19, Salt Springs, FL - aerial map view - Image1
14100 N Highway 19, Salt Springs, FL - aerial map view - Image2

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
759
1,828
2,989
3,127
2029 Population
884
2,137
3,489
3,704
2024-2029 Projected Population Growth
16.5%
16.9%
16.7%
18.5%
Median Age
60.1
60.4
60.6
60.5
College Degree + Higher
13%
14%
14%
11%
Daytime Employees
189
277
290
435
Total Businesses
25
49
55
88
Average Household Income
$70,491
$68,701
$69,966
$68,229
Median Household Income
$55,000
$51,406
$49,249
$46,890
Total Consumer Spending
$11.5M
$27.1M
$43.5M
$44.8M
2024 Households
398
951
1,521
1,587
Average Home Value
$275,732
$265,868
$250,547
$246,445
$ values in USD

PROPERTY TAXES

Parcel Number 11679-006-04 Improvements Assessment £0
Land Assessment £0 Total Assessment £652,149

PROPERTY TAXES

Parcel Number
11679-006-04
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£652,149
  • Ed Mayer
    Ed Mayer
  • Plaza Lodge LLC
(352) 703-0911

  • Listing ID: 33111810

  • Date on Market: 09/09/2024

  • Last Updated:

  • Address: 14100 N Highway 19, Salt Springs, FL 32134

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14100 N Highway 19, Salt Springs, FL for sale Primary Photo- Image 1 of 7
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14100 N Highway 19, Salt Springs, FL for sale Interior Photo- Image 2 of 7
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14100 N Highway 19, Salt Springs, FL for sale Building Photo- Image 3 of 7
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14100 N Highway 19, Salt Springs, FL for sale Aerial- Image 4 of 7
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14100 N Highway 19, Salt Springs, FL for sale Aerial- Image 5 of 7
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14100 N Highway 19, Salt Springs, FL for sale Building Photo- Image 6 of 7
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© 2024 CoStar Group

Salt Springs Plaza | 14100 N Highway 19
(352) 703-0911 x

Salt Springs Plaza | 14100 N Highway 19

Ed Mayer

(352) 703-0911

(352) 703-0911

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