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31 Northwest 4th Avenue

Ocala FL 34475

1349489 sq. ft.
Land
Currently for sale - view listing

Overview

Now available are ~ 31 acres ideal for multifamily use. This property is located in a Federal Opportunity Zone that allows certain tax benefits. Present land use allows for 370 units multi-family (12 units per acre) or 5 units single family per acre. High retail density presently around the site. This property is located 1.5 miles North of Ocala Downtown. Also available are adjacent ~11.1 acres West OM653889. Ocala was named the 5th fastest growing city in 2020 by US News & World Report and the county has approved over 53,000 housing units in the last 5 years. Growth is expected to continue increasing. This property is located ? mile from major thoroughfare US HWY 441 via the signalized intersection on NW 28th St and 441. Immediately nearby amenities include Walgreens, CVS, Harvey?s Supermarket, McDonald?s, Dunkin Donuts, Wendy?s, Burger King, Taco Bell, Subway, Circle K, Family Dollar, Take 5 Oil Change, and Vanguard Highschool. Water and sewer are presently to the site (see image). There are 2 current accesses and 428 Ft of frontage on NW 2nd Ave for a likely 3rd ingress/egress. Attached are a boundary and topographical survey and a PUD from 2000. Property currently has agricultural exemption and is zoned R-1. See included zoning image. The multifamily conceptual has ~230 units with a recreational area on the Northern part of the property. Inquire today about this multifamily site!

Features

1349489 sq. ft. lot size
Land

Happy sellers in Ocala

87%
87% of sellers in Ocala reported that their sale price either exceeded or met their price expectations.

Ocala stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 9 reviews in Ocala over the last 12 months.

Local market activity for land plots in Ocala

In the last 12 months, 48 land plots similar to 31 Northwest 4th Avenue, have been sold.

This represents a 22% increase in land plots sales when compared to the previous 12 months.

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