Prime Land in Ocala
For Sale
Contact for pricing
Pending
5019 FL-40, Ocala, FL 34482
25 acres suitable for multifamily, commercial, or industrial development.
Property SizeContact for details
Lot Size25.00 Acres
Days on Market851
Property Features for 5019 FL-40
General Information
Standard status
Pending
Lot size
25.00 Acres
Property subtype
Hospitality, Mixed Use, Multifamily, Special Purpose
Zoning
Employment Center
Listing Agency:
The Boyd Group
(352) 817-0600
Listed By:
Angie Lester · License #FL
Source:
Crexi
Added: Apr 12, 2024
Changed: Aug 8
Last Checked: Aug 8 at 4:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Boyd Group
Investment Insights
Based on property information with market context.
This 25-acre property is located in the State Road 40 Corridor of Ocala, Marion County. It is currently approved for a Multi-Family Planned Development (PD) of over 450 units, but also presents an industrial opportunity for building and ownership. The site is a quarter mile from a new County/City thoroughfare relief road, anticipated to be heavily traveled upon its opening in Fall 2025. Shared access will be provided through five acres of commercial outparcels on the highway frontage. City of Ocala utilities are already available to the site, and due diligence has been completed. The property currently has a PD for 450+ multi-family units and five commercial outparcels and can be split for commercial, multi-family, or industrial use. The site is located in the growing workforce sector of West Marion County, a few blocks from I-75 and two miles from an industrial center. The property has frontage on Hwy 40 and is zoned for mixed-use employment center, allowing multi-family development up to 24 units per acre. The Ocala Metro's population was 440,000 in 2023 and is projected to reach 500,000 by 2040.
Key Highlights
- Approved for Multi‑Family PD of over 450 units, offering immediate development potential.
- Strategic location in the high‑growth State Road 40 Corridor, near the World Equestrian Center, ensuring high visibility.
- City of Ocala Utilities are already available to the site, streamlining development.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
78
Businesses Nearby
Explore this area
Business Placement
Demographics for 34482, FL
23,565
Population
9,553
Households
2.5
Avg Household Size
48
Median Age
22%
College-Educated
85%
High-School Grad
93.0 sq mi
ZIP Area
253
Density / Sq Mi
$71,449
Median Household Income
$37,492
Median Earnings
$861
Median Rent
$247,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial land - 25 acres suitable for multifamily, commercial, or industrial development.
Where is this industrial land located?
The property is located at 5019 FL-40 Ocala, FL.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Approved for Multi‑Family PD of over 450 units, offering immediate development potential.; Strategic location in the high‑growth State Road 40 Corridor, near the World Equestrian Center, ensuring high visibility.; City of Ocala Utilities are already available to the site, streamlining development.
