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5019 W Highway 40 - Employment Center
30 Acres of Residential Land Offered at $8,000,000 in Ocala, FL 34482
Investment Highlights
- 79% jump in single family permits over previous year in 2021 - largest increase in the country
- The Ocala Metro ranked #4 in Annual Wage Growth and #25 in 5-Year Wage Growth (Milken Institute)
- Ocala Metro ranked #2 in Florida and #4 in the Nation in Moneys ranking of the Top 10 Hottest Housing Markets
- Ocala Metro annual Area Median Income increased 15% Year over Year. (US Department of HUD)
Executive Summary
Property Facts Under Contract
| Price | $8,000,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 30.00 AC |
| Price | $8,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 30.00 AC |
1 Lot Available
Lot
| Price | $8,000,000 | Lot Size | 30.00 AC |
| Price Per AC | $266,666.67 |
| Price | $8,000,000 |
| Price Per AC | $266,666.67 |
| Lot Size | 30.00 AC |
I75 and only two miles from the industrial center providing thousands of jobs. 30 acres Mixed Use - Employment Center Zoning Multi-Family up to 24 units per acre Frontage on Hwy 40 - Utilities to Site
Description
PROPERTY OVERVIEW: PLANNED DEVELOPMENT APPROVED!! Over 460 Units Multi Family with Five Commercial Outparcels on State Highway! High and Dry site with City services and high traffic, this parcel is located in the growing work force sector of West Marion County. A few blocks from I75 and only two miles from industrial center providing thousands of jobs. - 30 acres - Mixed Use - Employment Center Zoning - Multi Family up to 24 units per acre - Frontage on Hwy 40 - Utilities to Site PROPERTY HIGHLIGHTS: - Population - Ocala MSA - 2021 - 385,915; 2023 - 400,000; 2040 - 500,000 - Population Ocala MSA US Census Bureau June 30,2021 - 142nd Largest Metro, Top 25 Fastest Growing by rate, 38th Fastest Growing 5.24 move in for every 1 that moves out = #1 in Nation Ocala Metro is growing by over 1200 people per month.
PROPERTY TAXES
| Parcel Number | 23180-000-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $405,504 |
PROPERTY TAXES
zoning
| Zoning Code | A1 (Planned Development Zoning - Fully Entitled Site) |
| A1 (Planned Development Zoning - Fully Entitled Site) |
Presented by
5019 W Highway 40 - Employment Center
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