530 NW 1ST AVE, OCALA, FL, 34475
$2,900,000
Commercial Sale
Lot Size
106,722 Sqft
This property is a large industrial warehouse office with a fenced yard, located on 2.45 acres in downtown Ocala. It was formerly a lumber yard and offers various possibilities for redevelopment. However, it's important to note that any redevelopment plans would require rezoning of the property. The site holds potential for different uses, such as office space, multi-family housing, or apartment development. Rezoning would be necessary to accommodate these new purposes. Depending on the location and other factors, the property may also qualify for opportunity zone benefits and City of Ocala Credits, which can provide certain incentives for investment and development. In addition to the potential for redevelopment, the property is also available for lease starting January 2024, with a monthly rent of $5,500.
Property Details
Property Features Property Features
MLS ID: MFROM618742 Year Built: 1955
Construction Materials: Block, Concrete, Metal Siding Cooling: Central Air
Country: US County Or Parish: Marion
Electric: 200+ Amp Service, 220 Volts Foundation Details: Slab
Listing Agreement: Exclusive Right To Sell Lot Features: Corner Lot, Fire Hydrant, City Limits, Near Railroad Siding, Sidewalk
Property Sub Type: Retail Property Type: Commercial Sale
Road Frontage Type: Business District, City Street Road Surface Type: Asphalt
Roof: Metal Sewer: Public Sewer
Showing Requirements: Call Listing Agent 2, Call Listing Agent Special Listing Conditions: None
Standard Status: Active State Or Province: FL
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