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$3,960,000
Est. payment /mo
0.52 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID OM707230
HOA Y/N No
Annual Tax Amount $7,104
Lot Size 0.520 Acres
Acres 0.52
Lot Dimensions 100x98
Property Sub-Type Commercial
Source Stellar MLS
Property Description
In the heart of fast growing downtown Ocala you find this shovel ready subdivided vacant lot ready to develop. * Federal Opportunity Zone AND New Market Tax Credit Qualified * Development Opportunity in Historic Downtown Ocala of 24 Micro Town homes. Town homes vary in size from 1,196 sf (20 Qty) to 1,246 sf (4 Qty). Each unit has 2 Bedrooms and 2.5 Bathrooms with private garage. Residents in this future project will be able to walk to the numerous restaurants, shops, bars, movies and more. Sale Includes Land, Construction Drawings and Building Permit. Nearby Active Comps (Condo and Town home) vary from $351/sf - $391/sf with Units in the nearby 302 Broadway project Pending at $371/sf and $391/sf. Site/Project is located in an established Opportunity Zone as well as in the Downtown Community Redevelopment Agency (CRA) District. The Downtown CRA was been established/funded by the City of Ocala to provide financial incentives to owners to redevelop underutilized properties. Developers can receive CRA funds to use toward various project related expenses. Potential contributions to the Project include but are not limited to Public ROW Improvements, Public and Private Walkways, hardscape, Landscape & Courtyards, Site Lighting, and more. Ideal as a For Sale project or even a For Rent Project. Advent Health Ocala is less than a mile from the site. Seller has Interest List with over 60 Potential Buyers that will be transferred with Sale. Located inside the golf cart driving zone. The parking lot across the street (94 SW Ft King) MLS #OM707323 is also for sale by the same owner.
Location
State FL
County Marion
Area 34471 - Ocala
Zoning FBC
Exterior
Utilities Available Electrical Nearby
Building
Lot Size Range 1/2 to less than 1
Sewer Public Sewer
Water Public
Others
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/OM707230
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Listed by OAKSTRAND REALTY
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