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118 NE Tuscawilla Ave

4,028 SF Specialty Building Offered at $387,500 in Ocala, FL 34470

Investment Highlights

  • Historic building in the midst of the Midtown Revitalization area.
  • Walking distance to Tuscawilla Park and Downtown Ocala
  • Zoning allows for residential, commercial, or multi-family opening the door to tons of housing/business opportunities

Executive Summary

Right in the heart of the Tuscawilla Historic District and within a hop, skip, and jump to Tuscawilla Park and Downtown Ocala, you'll find this charming historic building in the midst of the Midtown Revitalization area. With lots of brand-new businesses and restaurants coming into this revitalization area, this is the perfect chance to renovate this building and bring your vision to reality. The FBC (Form Based Code) zoning of this property allows for Residential, Commercial, or Multi-Family which opens the door to tons of housing/business opportunities. A step inside the front door and you'll find the charm of years past, including the original natural wood, accessorized with engineered wood and ceramic tile floors throughout. On each side of the entry, you'll find a large office/room and 2 separate restrooms each with multiple stalls & a sink. Just past that, the floor plan opens to a huge main room with cathedral ceilings and a large stage. A staircase brings you up to the upper-level balcony and 2 extra rooms. Off the rear of the building, there is a deck area with handicap accessible ramp. This is truly a magnificent opportunity to join in on the revitalization in the area and bring another new business/housing opportunity to the area.

Property Facts

Price $387,500
Price Per SF $96
Sale Type Investment or Owner User
Sale Conditions Redevelopment Project
Property Type Specialty
Property Subtype Residential Income
Building Class C
Lot Size 0.17 AC
Building Size 4,028 SF
No. Stories 1
Year Built 1914
Opportunity Zone Yes
Walk Score ®
Very Walkable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2824-000-001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$233,207

zoning

Zoning Code FBC (The FBC (Form Based Code) zoning of this property allows for Residential, Commercial, or Multi-Family which opens the door to tons of housing/business)
FBC (The FBC (Form Based Code) zoning of this property allows for Residential, Commercial, or Multi-Family which opens the door to tons of housing/business)
  • Listing ID: 32542885

  • Date on Market: 7/22/2024

  • Last Updated:

  • Address: 118 NE Tuscawilla Ave, Ocala, FL 34470

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