Salt Springs Square 14100 N Highway 19 19,916 SF 100% Leased Retail Building Salt Springs, FL 32134 $1,300,000 ($65.27/SF) 3.98% Cap Rate

19,916 SF retail plaza located in the Ocala MSA, ranked by the U.S. Census Bureau as the fastest-growing metro in the United States in 2025. The market continues to experience substantial population, tourism, and economic growth, strengthening long-term demand fundamentals for retail, hospitality, and service-oriented commercial assets. The Ocala MSA ranked #36 out of 200 large U.S. metros in the 2025 Milken Institute Best-Performing Cities Index and recorded an estimated 2023 GDP of approximately $16 billion according to Milken Institute and U.S. Bureau of Economic Analysis data. Further reinforcing long-term demand, the University of Florida Bureau of Economic and Business Research projects Marion County population growth of up to 30% by 2040.
The asset currently operates at over 80% occupancy with long-term leases in place, providing stable in-place income within a high-demand market. In addition to 11 leasable retail suites, the property includes 59 humidity-controlled self-storage units averaging approximately 90% occupancy, creating a diversified and durable recurring revenue stream. Retail interiors feature configurable wall systems, allowing future reconfiguration, tenant expansion, or repositioning as market demand evolves.
The offering includes two parcels totaling approximately 3.73 acres, both zoned B-2 (Community Business) and served by public water and sewer utilities. An outparcel presents additional site-ready development potential, creating further upside opportunities. B-2 zoning permits a broad range of commercial uses, including hotel, motel, restaurant, and fast-food uses with drive-thru access, supporting long-term redevelopment flexibility and a wide range of potential tenancy scenarios.
Located in the heart of Salt Springs, the plaza sits adjacent to Salt Springs Resort, which includes approximately 500 RV sites and 39 cottages and operates at consistently high occupancy according to resort operator data. Directly across State Road 19 is the Salt Springs Recreation Area, one of the most heavily visited destinations within the Ocala National Forest. More than 8.2 million people, representing over one-third of Florida’s population, live within a one-hour drive of the forest according to U.S. Census Bureau and U.S. Forest Service access data.
The property’s proximity to the Ocala National Forest positions it at the center of Florida’s thriving eco-tourism market, supporting consistent year-round traffic and sustained demand for retail, hospitality, dining, and service-oriented businesses. This represents a rare opportunity to acquire a stabilized, income-producing commercial asset with multiple revenue streams, expansion potential, and long-term upside in one of Florida’s most dynamic growth markets.