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110 Fort King - One Fort King Townhomes
0.52 Acres of Commercial Land Offered at $3,600,000 in Ocala, FL 34471
Executive Summary
Purchase the property, hire your contractor, and start construction immediately.
Located in an Opportunity Zone in a rapidly evolving downtown. 4 new restaurants less than a block away are currently under construction.
City just approved Golf Cart usage in downtown. Nearby project with similar size units (302 Broadway) sold numerous units in 2022 with an average sale price at $355/sf. Recent Listing in 302 Broadway project wass listed for $378/sf and went pending in only 4 days and closed. Current Listing is at $446/sf. Develop the townhomes and sell for a profit margin exceeding other major cities including Orlando. City also allows short term rentals. Advent Health Ocala with 2,400 employees is located only one half mile away. Excellent Opportunity as either a For Sale or For Rent project.
Property Facts
| Price | $3,600,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| Sale Conditions | Redevelopment Project | Total Lot Size | 0.52 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land |
| Price | $3,600,000 |
| Sale Type | Investment |
| Sale Conditions | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.52 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $3,600,000 | Lot Size | 0.52 AC |
| Price Per AC | $6,923,077 |
| Price | $3,600,000 |
| Price Per AC | $6,923,077 |
| Lot Size | 0.52 AC |
100' x 225' Vacant Land in Downtown Ocala in Existing Opportunity Zone Shovel Ready Site - Open to Traditional Sale or Land for Units Exchange in a Build To Rent (BTR) Co-Development.
Description
24 Unit Fee Simple Fully Entitled Shovel Ready Site that includes Land, Construction Documents, and Building Permit. Purchase the property, hire your contractor, and start construction immediately. Located in an Opportunity Zone in a rapidly evolving downtown. 4 new restaurants less than a block away are currently under construction. City just approved Golf Cart usage in downtown. Nearby project with similar size units (302 Broadway) sold numerous units in 2022 with an average sale price at $355/sf. Most Recent Listing in 302 Broadway project was listed for $378/sf and went pending in only 4 days. Develop the townhomes and sell for a profit margin exceeding other major cities including Orlando. City also allows short term rentals. Advent Health Ocala with 2,400 employees is located only one half mile away. Excellent Opportunity as either a For Sale or For Rent project.
PROPERTY TAXES
| Parcel Number | 2853-034-001 | Improvements Assessment | $0 |
| Land Assessment | $326,174 | Total Assessment | $326,174 |
PROPERTY TAXES
zoning
| Zoning Code | FBC (Zoning is based on the form and characteristics of the building instead of the land use and density.) |
| FBC (Zoning is based on the form and characteristics of the building instead of the land use and density.) |
Presented by
Ray Design Development
110 Fort King - One Fort King Townhomes
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