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- LoopNet Team
SW 20 Street
Ocala, FL 34474
Airport Multi Family · Land For Sale
·
15.84 AC
INVESTMENT HIGHLIGHTS
- 15.84 acres
- Annexed into City of Ocala
- 285 units approved
PROPERTY FACTS
| Property Type | Land | Proposed Use | Multifamily |
| Property Subtype | Residential | Total Lot Size | 15.84 AC |
| Zoning | A1 - Agricultural | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 15.84 AC |
| Zoning | A1 - Agricultural |
DESCRIPTION
Ocala’s in-migration and growth trajectory are leading to a greater need for housing. Total metro populations has grown significantly in the last decade, with total unemployment at an all time low for Marion County. Vacancy is hovering around a 25 year low, with a positive annual rent growth since 2015. These market fundamentals create a favorable market for developers as they continue looking for opportunity in Ocala Metro. The established strong multifaceted economy has encouraged new talent to the Ocala Metro market. The availability of land, cost of construction and rapidly rising rents have made this a key market for investors. Look for Ocala’s strong population and job growth metrics to underpin new demand for multifamily and single family neighborhoods. The economy is doing well in the secondary and tertiary markets. They’re seeing a significant increase in household growth as they are more attractive to younger people who are looking for the right place to call home. These markets have more affordable housing opportunities, making them perfect for the people who are looking for a SAFE place to settle down after college or gaining employment.
