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NW Martin Luther King Ave
Ocala, FL 34475
Land For Sale · 9.96 AC

Investment Highlights

  • Major Ten-Acre Redevelopment Site in the City of Ocala
  • Medium Intensity/Special District FLU Allows for Many Uses
  • I-75 is only Five Minutes Away

Property Facts

Property Type Land
Property Subtype Residential
Proposed Use
Commercial
  • Industrial
  • Office
  • Mixed Use
  • Apartment Units
  • Apartment Units - Subsidized
  • Convenience Store
  • Department Store
  • Distribution
  • Industrial Live or Work Unit
  • Master Planned Community
  • Motel
  • Office Park
  • Research and Development
  • Restaurant
Total Lot Size 9.96 AC
Cross Streets 21st Street
Zoning M3 & R2 - Zoning of M3 (Heavy Industrial) is nonconforming and will require rezoning to an implementing zoning district allowed under Medium Intensity/SD FLU.

Description

This 10-acre property is a unique infill opportunity for redevelopment in the Northwest area of the city of Ocala, which is easily accessible from Interstate 75 (with soon a new exit ramp) and from US301. Close enough from downtown, the underlying medium intensity/special district Future Land Use Plan, allows for rezoning into residential, commercial, or mixed-use that would bring homes and services to the neighborhood with a quick connection to the downtown as part of a burgeoning market. This parcel could accommodate a 300-apartment project, or a 100-townhome community, or a mix of residential and even some commercial or retail. The city of Ocala has opened new parks and recreation areas, some of which are within walking distance, with an exciting vision of a redeveloped community with all new services. To know all the possibilities, contact Philippe Beau at (727) 409-3465 or Philippe @kleinandheuchan.com for more information on redevelopment and planning.

Property Taxes

Property Taxes

Parcel Number
21943-002-00
Land Assessment
$520,630
Improvements Assessment
$5,162
Total Assessment
$525,792
  • Listing ID: 29100754

  • Date on Market: 7/25/2023

  • Last Updated:

  • Address: NW Martin Luther King Ave, Ocala, FL 34475

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