5019 W Highway 40 - Residential LAND FOR SALE


Ocala, FL 34482 1,306,800 SF
$8,000,000 USD
352-817-0600
5019 W Highway 40, Ocala, FL for Sale
$8,000,000 USD
Residential LAND - FOR SALE
1/7
1,306,800 SF

5019 W Highway 40
Ocala, FL 34482


HIGHLIGHTS

  • 79% jump in single family permits over previous year in 2021 - largest increase in the country
  • Ocala Metro ranked #2 in Florida and #4 in the Nation in Moneys ranking of the Top 10 Hottest Housing Markets
  • The Ocala Metro ranked #4 in Annual Wage Growth and #25 in 5-Year Wage Growth (Milken Institute)
  • Ocala Metro annual Area Median Income increased 15% Year over Year. (US Department of HUD)

OVERVIEW

Property currently has a PD for 450+ MF units and five commercial outparcels. Can be split for commercial / MF or Industrial use. Endless possibilities. Utilities to Site - Most Due Diligence Complete and Available Investing in Ocala Florida's commercial and industrial real estate is promising due to its rapid growth ranking first in UHaul's list of top growing US cities. It's strategic central location offers excellent connectivity to major markets like Orlando, Tampa, and Jacksonville. The city's robust economy with strong healthcare, manufacturing, and logistics sectors create high demand for industrial spaces. Additionally, Ocala's affordability and developed infrastructure support continued industrial and commercial growth. Ocala / Marion's current population is 440,000 of that the labor force is over 150,000. This site is two minutes from I 75 which is the preferred thoroughfare of 70% of all truck traffic reaching additional Florida destinations. Ocala metro has a 39% greater population reach than the I4 industrial corridor and I 75 experiences a peak of 120,000 cars per day. Population - Ocala MSA - 2023 - 440,000; 2040 - 500,000 142nd Largest Metro, Top 25 Fastest Growing by rate, 38th Fastest Growing 5.24 move in for every 1 that moves out = #1 in Nation

FOR SALE DETAILS

PRICE

$8,000,000 USD

PRICE/ACRE

$266,667/AC

PRICE/SF

$6 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Industrial / Commercial OR PD MF / Commercial

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Single Family Development

LAND ACRES

30 AC

LAND SF

1,306,800 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

A1

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Angie LesterBoyd Real Estate, LLCMore Info
352-817-0600

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Angie LesterBoyd Real Estate, LLCMore Info
352-817-0600

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