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Jeramiah Bustin

jeramiah.bustin@engelvoelkers.com +1(813) 857-2120

$ 3,960,000

Est. payment -/mo

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Active

110 SW FT KING Ocala, FL 34471

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

Listed by Ted Wukovich OAKSTRAND REALTY

NEARBY SCHOOLS & PROPERTIES

Jeramiah Bustin

License Partner | Broker Associate | Professional Athlete Advisory | Development Services

+1(813) 857-2120

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