110 Fort King - Commercial LAND FOR SALE


Ocala, FL 34471- Downtown Ocala22,651 SF
$3,960,000 USD
407-421-5605
110 Fort King, Ocala, FL for Sale
$3,960,000 USD
Commercial LAND - FOR SALE
1/5
22,651 SF

110 Fort King
Ocala, FL 34471
Downtown Ocala


OVERVIEW

24 Unit Fee Simple Entitled Site that includes Land, Construction Documents, and Building Permit with Sale. City has already reviewed and approved Construction Drawings but they need to be refreshed to update from 2021 Florida Building Code to recently adopted 2024 Florida Building Code. The Seller will update and re-submit drawings to get re-approved. Seller will deliver Shovel Ready Property. Located in an Opportunity Zone in a rapidly evolving downtown. 4 new restaurants less than a block away are currently under construction. City just approved Golf Cart usage in downtown. Nearby project with similar size units (302 Broadway) sold numerous units in 2022 with an average sale price at $355/sf. Recent Listing in 302 Broadway project was listed for $378/sf and went pending in only 4 days and closed. Current Listings for similar product vary from $380 - $446/sf. Develop the townhomes and sell for a profit margin exceeding other major cities including Orlando. City also allows short term rentals. Advent Health Ocala with 2,400 employees is located only one half mile away. Excellent Opportunity as either a For Sale or For Rent project. Commission - 1.5% per Side (3% Total)

FOR SALE DETAILS

PRICE

$3,960,000 USD

PRICE/ACRE

$7,615,452/AC

PRICE/SF

$175 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

One Fort King Townhomes

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Multi-Family

LAND ACRES

0.52 AC

LAND SF

22,651 SF

OFFSITE IMPROVEMENTS

-

ZONING

FBC

APN/PARCEL ID

2853-034-001

ASK ABOUT THIS PROPERTY

Brian RayRay Design DevelopmentMore Info
407-421-5605

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Brian RayRay Design DevelopmentMore Info
407-421-5605

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.