Active

$3,960,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • sq ft
Overview
  • ID: MFROM707230
  • Bedrooms:
  • Bathrooms: 0
  • Size: sq ft
Property Details
Remarks
In the heart of fast growing downtown Ocala you find this shovel ready subdivided vacant lot ready to develop. * Federal Opportunity Zone AND New Market Tax Credit Qualified * Development Opportunity in Historic Downtown Ocala of 24 Micro Town homes. Town homes vary in size from 1,196 sf (20 Qty) to 1,246 sf (4 Qty). Each unit has 2 Bedrooms and 2.5 Bathrooms with private garage. Residents in this future project will be able to walk to the numerous restaurants, shops, bars, movies and more. Sale Includes Land, Construction Drawings and Building Permit. Nearby Active Comps (Condo and Town home) vary from $351/sf - $391/sf with Units in the nearby 302 Broadway project Pending at $371/sf and $391/sf. Site/Project is located in an established Opportunity Zone as well as in the Downtown Community Redevelopment Agency (CRA) District. The Downtown CRA was been established/funded by the City of Ocala to provide financial incentives to owners to redevelop underutilized properties. Developers can receive CRA funds to use toward various project related expenses. Potential contributions to the Project include but are not limited to Public ROW Improvements, Public and Private Walkways, hardscape, Landscape & Courtyards, Site Lighting, and more. Ideal as a For Sale project or even a For Rent Project. Advent Health Ocala is less than a mile from the site. Seller has Interest List with over 60 Potential Buyers that will be transferred with Sale. Located inside the golf cart driving zone. The parking lot across the street (94 SW Ft King) is also for sale by the same owner.
Financial Considerations
Price:
$3,960,000
HOA Fee:
N/A
Tax Amount:
$7104.34
Price per SqFt:
$174.83
Tax Legal Description:
SEC 18 TWP 15 RGE 22 PLAT BOOK 015 PAGE 104ONE FORT KING SUBDIVISION LOTs 1-24, ONE FORT KING SUBDIVISION N PRIVATE ROW, ONE FORT KING SUBDIVISION S PRIVATE ROW
Exterior Features
Lot Size:
22651
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
N/A
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
N/A
Cooling:
N/A
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
N/A
Style:
N/A
Year Built:
N/A
Construction Type:
N/A
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    110 SW FT KING
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