2917 NE 3rd St - Prime Development Land in Ocala City 3.5 Acres of Residential Land Offered at $1,250,000 in Ocala, FL 34470

INVESTMENT HIGHLIGHTS

  • Just off SR40, within easy reach Downtown Ocala, opp. Ocala Golf Course
  • Last good size High Density R3 Development Site remaining in Ocala City.
  • Level lot, in good residential district, close to amenities

EXECUTIVE SUMMARY

Discover a rare and valuable development opportunity in the heart of Ocala. This expansive, high-density R3 development site offers one of the last large parcels available within city limits, making it a prime choice for developers looking to create a high-impact residential project. Perfectly positioned just off SR40, this level lot is directly opposite the Ocala City Golf Course, offering access from both NE 3rd and NE 7th Streets. With Downtown Ocala only minutes away and the Silver Springs Theme Park just 2 miles down the road, the location is truly unbeatable. The land’s topography is flat with a shallow slope for excellent drainage, and soil borings have been completed and cleared, providing a strong foundation for any project. Essential utilities are already in place, including a sewage manhole on the site, which simplifies the development process. This property has a potential of 60 units based on the architectural plan, see photos for reference. The seller has met with a city planner who indicated that it should be possible for a developer to submit a case to increase the number of units to 60 on the current acreage. An additional 3/4 acre lot directly adjoining the property is also available for separate negotiation. This is a rare chance for developers to acquire this premium parcel. Don’t miss out on the opportunity to create a legacy project in one of Ocala’s most desirable locations. Contact us today to explore all the possibilities this exceptional property has to offer.

PROPERTY FACTS

Price $1,250,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Hospitality
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Senior
  • Hotel
  • Motel
Total Lot Size 3.50 AC
Opportunity Zone Yes
Zoning R3 Residential - Last good size High Density R3 Development Site left in Ocala City. Directly opposite Ocala City Golf Course. Curb access from both NE 3rd & NE 7th.

1 LOT AVAILABLE

Lot 2

Price $1,250,000
Price Per AC $357,142.86
Lot Size 3.50 AC

Expansive, high-density R3 development site offers one of the last large parcels available within city limits, making it a prime choice for developers looking to create a high-impact residential project.

DESCRIPTION

Discover a rare and valuable development opportunity in the heart of Ocala. This expansive, high-density R3 development site offers one of the last large parcels available within city limits, making it a prime choice for developers looking to create a high-impact residential project. Perfectly positioned just off SR40, this level lot is directly opposite the Ocala City Golf Course, offering access from both NE 3rd and NE 7th Streets. With Downtown Ocala only minutes away and the Silver Springs Theme Park just 2 miles down the road, the location is truly unbeatable. The land’s topography is flat with a shallow slope for excellent drainage, and soil borings have been completed and cleared, providing a strong foundation for any project. Essential utilities are already in place, including a sewage manhole on the site, which simplifies the development process. This is a rare chance for developers to acquire this premium parcel. Don’t miss out on the opportunity to create a legacy project in one of Ocala’s most desirable locations. Contact us today to explore all the possibilities this exceptional property has to offer.

PROPERTY TAXES

  • Listing ID: 33508315

  • Date on Market: 5/24/2024

  • Last Updated:

  • Address: 2917 NE 3rd St, Ocala, FL 34470