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216 Marian Oaks - Vacant Commercial Lot - Marion Oaks Boulevard

1.1 Acres of Commercial Land Offered at $486,000 in Ocala, FL 34473

Investment Highlights

  • Turkey Key developer Opportunity
  • Includes 8 retail spaces with independent utilities and grease disposal systems, catering to a range of businesses, including restaurants.
  • Features a 48,000-square-foot lot with ample parking and versatile usage potential, ideal for retail, dining, or mixed-use development.
  • Construction Permit Approval at closing
  • Situated on a high-traffic commercial corridor, offering excellent visibility and accessibility to both local residents and passersby.
  • Located in a fast - growing residential area opportunities for expansion commercial development

Executive Summary

Strategic Location and Economic Growth- 12,000 Square feet of 8 Retail spaces. Gross Annual Income: $168,000
Situated in Central Florida, Ocala offers excellent connectivity via major highways like I-75, facilitating easy access to major markets. The city has experienced significant population growth, with a 19.64% increase from 2010 to 2022, averaging 1.81% annually—154% faster than the national average. Ocala's dynamic growth, strategic location, and supportive business environment make it an ideal destination for Turkish developers seeking to invest in retail shopping centers.
This surge has led to heightened demand for retail spaces, presenting lucrative opportunities for developers.

Data Room Click Here to Access

Financial Summary (Pro forma - 2025)

Annual Annual Per AC
Gross Rental Income $168,000 $152,463.93
Other Income $3,500 $3,176.33
Vacancy Loss - -
Effective Gross Income $171,500 $155,640.26
Taxes $1,200 $1,089.03
Operating Expenses $8,000 $7,260.19
Total Expenses $9,200 $8,349.21
Net Operating Income $162,300 $147,291.04

Financial Summary (Pro forma - 2025)

Gross Rental Income
Annual $168,000
Annual Per AC $152,463.93
Other Income
Annual $3,500
Annual Per AC $3,176.33
Vacancy Loss
Annual -
Annual Per AC -
Effective Gross Income
Annual $171,500
Annual Per AC $155,640.26
Taxes
Annual $1,200
Annual Per AC $1,089.03
Operating Expenses
Annual $8,000
Annual Per AC $7,260.19
Total Expenses
Annual $9,200
Annual Per AC $8,349.21
Net Operating Income
Annual $162,300
Annual Per AC $147,291.04

Property Facts

Price $486,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Daycare Center
  • Restaurant
  • Storefront, Retail or Office
  • Strip Center
  • Supermarket
Total Lot Size 1.10 AC

1 Lot Available

Lot 03 and 04

Price $486,000
Price Per AC $441,045
Lot Size 1.10 AC

Total 48,000 square feet facing Marion Oaks Blvd. Has double commercial traffic, the lots are almost at street level with ally in the rear for truck services, delivery, etc. Daily Traffic - From SW Hwy 484 to Marion Oaks Blvd - Year 2023 -15,700 Cars

Description

12,000 Square foot of commercial Building on 48,000 square foot of lot size. The Commercial building has 8 rental spaces with in depend electricity meter, in depend bathroom and all the units has grease disposal for future restaurant .The shopping has 40 parking spaces. Exclude on the sales Investment Highlight, The land include Full report & Study below, SURVEY & CAD FILE, ESA PHASE I ENVIROMENTAL SITE, GEOTECHNICAL REPORT, ARQUITECT DEISGN DEVELOPMENT, CONSTRUCTION PERMIT.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 8002-0006-03
  • 8002-0006-04
Land Assessment
$0 (2023)
Improvements Assessment
$0 (2023)
Total Assessment
$58,832 (2023)
Annual Taxes
$1,200
Tax Year
2025 Payable 2025

zoning

Zoning Code B-2 Community Business (Diverse Zoning Opportunities Commercial lots are zoned B2, accommodating a wide range of business types, including retail establish, Protectional.)
B-2 Community Business (Diverse Zoning Opportunities Commercial lots are zoned B2, accommodating a wide range of business types, including retail establish, Protectional.)
  • Listing ID: 31329320

  • Date on Market: 3/26/2024

  • Last Updated:

  • Address: 216 Marian Oaks, Ocala, FL 34473

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