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    5208 24Th St Ocala, FL 34470

    For Sale
    $1,450,000

    1.99 Acres, B2 Zoning, High Visibility

    Property size:
    4,002 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional commercial property in Ocala, Florida, presents a rare investment opportunity. Located at 5208 NE 24th Street, this 86,684 square foot lot boasts 262 feet of road frontage and is comprised of four parcels totaling approximately 1.99 acres. The property features B2 zoning, offering a wide range of development possibilities. Its strategic location provides superior access and high visibility, situated adjacent to a Walmart and near numerous restaurants and shopping centers. The property also includes a 2-bedroom, 2-bathroom home with two attached 1-bedroom, 1-bathroom apartments, as well as a separate storage facility. Built in 1979, the total square footage of the buildings is 4,002 square feet. The asking price is $1,450,000, translating to $362.32 per square foot. The property's APN numbers are 24198-000-00, 24229-001-00, and 24229-002-00. This unique offering presents significant potential for a variety of commercial ventures. The combination of prime location, ample space, existing structures, and flexible zoning makes this an unparalleled opportunity in the thriving Ocala market. Don't miss this chance to acquire a truly exceptional commercial property.

    Property Features for 5208 24Th St

    General Information

    Property type
    Land
    Square Feet
    4,002 SF

    Building Details

    Year Built
    1979

    HighLights

    • Exceptional investment opportunity in Ocala, FL.
    • 86,684 SF lot with 262' of road frontage, totaling ~1.99 acres.
    • B2 zoning allows diverse development options.
    • Prime location adjacent to Walmart, near restaurants & shopping.
    • Includes a 2/2 house, two 1/1 apartments, and a storage facility; total building SF: 4,002.
    • Asking price: $1,450,000 ($362.32/SF).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ocala
    County
    Marion
    State
    Florida
    Longitude
    -82.0624659
    Latitude
    29.211456

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    FAQs

    What type of property is this?
    Land - 1.99 Acres, B2 Zoning, High Visibility
    Where is this land located?
    The property is located at 5208 24Th St Ocala, FL.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: Exceptional investment opportunity in Ocala, FL.; 86,684 SF lot with 262' of road frontage, totaling ~1.99 acres.; B2 zoning allows diverse development options.
    (352) 816-7026
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5208 24Th St Ocala, FL 34470
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