Listing Details for MLS # OM707431
1807 E Fort King Street, Ocala, Fl 34471

Residential Property - Single Family Residence in Ocala

Listing Price: $320,000Days on Market: 23

Description of Property

Discover a prime development opportunity in the heart of highly desirable Southeast Ocala! This expansive 0.56-acre lot, zoned R-3, presents a rare chance to create a multi-family residential project in a vibrant, sought-after community. Ideally situated, the property is perfect for investors or developers looking to capitalize on Ocala’s growing real estate market. The existing house on the lot is ready for demolition, offering a blank canvas to build up to 10 multi-family units within the city limits of Ocala, subject to city approvals. The R-3 zoning allows for flexible development options, making this one of the best lots available for multi-family construction in the area. Its generous size and prime location on E Fort King St provide easy access to downtown Ocala, local amenities, schools, and major roadways, enhancing its appeal for future residents. Don’t miss this exceptional opportunity to develop a high-demand property in one of Ocala’s most coveted neighborhoods. Act now to transform this lot into a thriving multi-family community!The average asking price for a 3 bedroom/1 bath single family residence in this Zip code is $213,317. This single family residence is listed at about 150% of the average asking price. There are 3 3 bedroom/1 bath homes between $200,000 and $400,000 currently listed for sale in this Zip code. See other listings like this one »