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    28Th St Ocala, FL 34470

    For Sale
    $1,200,000

    7.01 acres, 100-unit potential, PD zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 7.01-acre parcel presents a remarkable opportunity for multifamily development in a highly desirable Northeast Ocala location. Zoned PD, this site is approved for a substantial 100-unit project, offering significant potential for substantial returns. The property boasts convenient access to major roadways, ensuring easy commutes for future residents. Its strategic location places it within close proximity to schools, restaurants, and various amenities, enhancing its appeal and marketability. Importantly, this property is situated outside of any flood plain, eliminating a significant risk factor often associated with development projects. Existing infrastructure further streamlines the development process, with readily available water and sewer services already connected to the site. The Marion County APN is 24858-001-01. This is a truly exceptional opportunity to acquire a well-situated, fully approved multifamily development site in a thriving Florida market. The asking price for this prime land is $1,200,000. Don't miss this chance to capitalize on the strong demand for housing in this area.

    Property Features for 0 28Th St

    General Information

    Property type
    Multifamily properties
    Lot Size
    305,356 SF

    HighLights

    • $1,200,000 asking price.
    • 7.01‑acre multi‑family land parcel.
    • PD zoning.
    • Located in NE Ocala, Marion County, FL (APN: 24858‑001‑01).
    • Approved for 100 units; water and sewer available; no flood plain.
    • Excellent location near schools, amenities, and major roads.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Ocala
    County
    Marion
    State
    Florida
    Longitude
    -82.0680146
    Latitude
    29.2154316

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    FAQs

    What type of property is this?
    Multifamily property - 7.01 acres, 100-unit potential, PD zoning.
    Where is this multifamily property located?
    The property is located at 28Th St Ocala, FL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: $1,200,000 asking price.; 7.01-acre multi-family land parcel.; PD zoning.
    (352) 817-6474
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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
    28Th St Ocala, FL 34470
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