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96 Cypress Rd 96 Acres of Commercial Land Offered at $12,000,000 in Ocala, FL 34472

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INVESTMENT HIGHLIGHTS

  • Approved Plans for multifamily or residential development

EXECUTIVE SUMMARY

The Emerald Village project is a 100% approved PUD project in rapidly growing Marion County Florida. COUNTY JUST APPROVED A ROAD GOING FROM I-75 DIRECTLY TO THE PROPERTY WITH CONSTRUCTION TO BEGIN WITHIN 1 YEAR. The proposed project encompasses almost 100 acres with approval for 1200+ units, 3+ acres of commercial space, and 6+ acres of ALF/ILF or additional residential units. Can be subdivided or sold in different sized parcels if required. Total residential units requested and approved 1200 with a maximum of 1351 in leu of an ALF, with required parking of 1808 parking spaces. The approval also reflects the ability to go vertical to no more than 50 ft. or 4 stories. The subject property is within a flood zone “X” designation. The surrounding area is supported by Elementary, Middle, and High schools. There are numerous light industrial as well as recognized manufacturing Corporations in proximity.

PROPERTY FACTS

Price $12,000,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Apartment Units
  • Planned Unit Development
  • Single Family Development
Total Lot Size 96.00 AC
Zoning PUD - Planned Urban Development

1 LOT AVAILABLE

Lot

Price $12,000,000
Price Per AC $125,000.00
Lot Size 96.00 AC

DESCRIPTION

**MOTIVATED SELLER**The Emerald Village project is a 100% approved PUD project in rapidly growing Marion County Florida. The proposed project encompasses almost 100 acres with approval for 1200+ units, 3+ acres of commercial space, and 6+ acres of ALF/ILF or additional residential units. Can be subdivided or sold in different sized parcels if required. Total residential units requested and approved 1200 with a maximum of 1351 in leu of an ALF, with required parking of 1808 parking spaces. The approval also reflects the ability to go vertical to no more than 50 ft. or 4 stories. The subject property is within a flood zone “X” designation. The surrounding area is supported by Elementary, Middle, and High schools. There are numerous light industrial as well as recognized manufacturing Corporations in proximity. Ocala is ranked by U.S. News as the 6th fastest-growing place, the 10th safest place to live, the 16th best place to retire, and the 91st best place to live out of the top 150 metro areas. Also to the south is the fastest-growing retirement community, The Villages, with a never growing and expanding workforce. To the Northwest is the “The Horse Capital of The World” and The World Equestrian Center. The county is also developing a strategic plan to incorporate all future traffic patterns to allow efficient flow of additional traffic for future development. The acreage may be subdivided if interest is in the commercial or Assisted Living Facility.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
9029-0723-00
Land Assessment
$815,616
Improvements Assessment
$0
Total Assessment
$815,616
  • Listing ID: 32771026

  • Date on Market: 8/12/2024

  • Last Updated:

  • Address: 96 Cypress Rd, Ocala, FL 34472

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