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NE 28th St - Corner Lot with Zoning for 100 Units 7.01 Acres of Commercial Land Offered at $975,000 in Ocala, FL 34470
Investment Highlights
- Raw land on a corner parcel with PD zoning, allowing for multi-family use and customization to an owner’s desires.
- Accessible by bus via the Yellow route stopping within walking distance and within a seven-mile radius of Ocala International Airport.
- 174,927 people living within a ten-mile radius, with household spending within a five-mile radius being the third highest consumer spending category.
- The adjacent site sold for $1.1 million in June 2020, and apartments built there are now 100% leased.
- National retailers nearby include Family Dollar, McDonald’s, Wendy’s, Burger King, Subway, AutoZone, and more.
Executive Summary
This development site offers a prime opportunity to acquire land approved for 84 to 100 multifamily units in the growing Ocala market. Situated on NE 28th Street, the property is well located near schools, dining options, and essential amenities, providing future residents with convenience and quality of life. The site also offers excellent access to major roads, including U.S. Highway 301, State Road 40, and Interstate 75, ensuring seamless connectivity throughout Ocala and to regional destinations such as Gainesville and Orlando.
With entitlements already in place, this property significantly reduces development timelines and risk, making it an attractive option for developers and investors. Ocala continues to experience strong population growth and economic expansion, driven by healthcare, logistics, and manufacturing sectors. Its strategic location along the I-75 corridor positions it as a key hub in Central Florida, offering access to a large labor pool and diverse employment base. This site is ideally suited for delivering much-needed housing in a thriving market.
With entitlements already in place, this property significantly reduces development timelines and risk, making it an attractive option for developers and investors. Ocala continues to experience strong population growth and economic expansion, driven by healthcare, logistics, and manufacturing sectors. Its strategic location along the I-75 corridor positions it as a key hub in Central Florida, offering access to a large labor pool and diverse employment base. This site is ideally suited for delivering much-needed housing in a thriving market.
Data Room Click Here to Access
- Offering Memorandum
- Market Information
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- Miscellaneous
- Register to Bid Instructions
Property Facts
| Price | $975,000 | Proposed Use | Commercial |
| Sale Type | Investment | Total Lot Size | 7.01 AC |
| No. Lots | 1 | No. Stories | 1 |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial | ||
| Zoning | PD - Planned Development: approved for 84-100 units | ||
| Price | $975,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 7.01 AC |
| No. Stories | 1 |
| Opportunity Zone |
Yes |
| Zoning | PD - Planned Development: approved for 84-100 units |
1 Lot Available
Lot
| Price | $975,000 | Lot Size | 7.01 AC |
| Price Per AC | $139,087.02 |
| Price | $975,000 |
| Price Per AC | $139,087.02 |
| Lot Size | 7.01 AC |
This 7.01-acre PD-zoned site in Northeast Ocala is ideal for multifamily development. It is approved for 84 to 100 units, with water and sewer already available on-site. The property is entirely within Flood Zone X, meaning there is no floodplain ris
Description
The property is located on NE 28th Street in Ocala, Florida, near U.S. Highway 301 and State Road 40. It is within a mixed-use area and has access to major transportation routes, including Interstate 75. The surrounding region includes commercial and residential development, with proximity to downtown Ocala and regional employment centers.
Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 24858-001-01 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $160,350 |
Property Taxes
Parcel Number
24858-001-01
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$160,350
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