NE 28th St - Corner Lot with Zoning for 100 Units
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NE 28th St - Corner Lot with Zoning for 100 Units
7.01 Acres of Commercial Land in Ocala, FL 34470
Investment Highlights
- Seven-acre land lot with PUD zoning allows for 100 units with all city utilities available.
- 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.
- 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.
Executive Summary
0 28th St is a 7.01-acre land lot for sale. The land has PD zoning for 100 units, and all city utilities are available, allowing multi-family use and customization to an owner’s desires. The adjacent land sold for $1.1 million in June 2020. Oak Valley, built on the adjacent site, is a good example of the potential multi-family use for this vacant land. Oak Valley has 96 apartment units with full amenities and is 100% leased. Oak Valley recently had its grand opening.
0 28th St is on a corner lot in a residential area. The area is highly accessible, with the Yellow bus route stopping within walking distance of the land lot. 0 28th St is also within a two-mile radius of many of Ocala’s major highways, including US-27, FL-40, and US-301. Within a five-mile radius, the land lot has access to I-75, and within a seven-mile radius, the property has access to Ocala International Airport. I-75 is a major north-south interstate connecting the Michigan/Canada border with Miami. Locally, the land lot is close to national retailers such as Family Dollar, McDonald’s, Wendy’s, Burger King, Subway, AutoZone, and more. The lot is also within walking distance of Vanguard High School and has multi-family apartment complexes to its left and right.
There are 174,927 people living within a ten-mile radius of 0 28th St. 31% of households within a five-mile radius are made up of one person, 35% of households are made up of two people, and 15% of households are made up of three people. Housing units in the same area are comprised of 64% one-unit housing and 12% two-to-four-unit housing, demonstrating a potential need for two-to-four-unit housing options. Household spending is the third-highest category in a five-mile radius, with total spending of over $142,000,000. The top three employment sectors in the area are education and health services; trade, transportation, and utilities; and leisure and hospitality.
Property tours are available by appointment only. Please contact the listing broker to schedule.
0 28th St is on a corner lot in a residential area. The area is highly accessible, with the Yellow bus route stopping within walking distance of the land lot. 0 28th St is also within a two-mile radius of many of Ocala’s major highways, including US-27, FL-40, and US-301. Within a five-mile radius, the land lot has access to I-75, and within a seven-mile radius, the property has access to Ocala International Airport. I-75 is a major north-south interstate connecting the Michigan/Canada border with Miami. Locally, the land lot is close to national retailers such as Family Dollar, McDonald’s, Wendy’s, Burger King, Subway, AutoZone, and more. The lot is also within walking distance of Vanguard High School and has multi-family apartment complexes to its left and right.
There are 174,927 people living within a ten-mile radius of 0 28th St. 31% of households within a five-mile radius are made up of one person, 35% of households are made up of two people, and 15% of households are made up of three people. Housing units in the same area are comprised of 64% one-unit housing and 12% two-to-four-unit housing, demonstrating a potential need for two-to-four-unit housing options. Household spending is the third-highest category in a five-mile radius, with total spending of over $142,000,000. The top three employment sectors in the area are education and health services; trade, transportation, and utilities; and leisure and hospitality.
Property tours are available by appointment only. Please contact the listing broker to schedule.
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
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 7.01 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 7.01 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Lot Size | 7.01 AC |
| Lot Size | 7.01 AC |
PROPERTY TAXES
| Parcel Number | 24858-001-01 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $185,115 CAD |
PROPERTY TAXES
Parcel Number
24858-001-01
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$185,115 CAD
zoning
| Zoning Code | PD |
| PD |
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NE 28th St - Corner Lot with Zoning for 100 Units
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