Land - Real Estate in Ocala
Listing Price: $3,960,000
Description of Property
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.
Property Details At A Glance
Property Type: Land
City: Ocala
County: Marion
Annual Tax: $7,104
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
Sewer: Public Sewer
Water Source: Public
Lot Information
Lot Size (acres): 0.52
Lot Size (sq. ft.): 22,651 square feet
Lot Dimensions: 100 x 98
Legal Description & Other Information
Financing Available: FHA
Parcel Number: 2853034001
Zoning: FBC
Tax Legal Desc.: SEC 18 TWP 15 RGE 22 PLAT BOOK 015 PAGE 104ONE FORT KING SUBDIVISION LOTs 1-24, ONE FORT KING SUBDIVISION N PRIVATE ROW, ONE FORT KING SUBDIVISION S PRIVATE ROW
Section: 18
Range: 22
Listing courtesy of OAKSTRAND REALTY. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
