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    102Nd Pl Belleview, FL 34420

    Sponsored
    For Sale
    $2,000,000

    Prime Multifamily Development Site in Belleview, FL

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 15.43-acre commercial land parcel presents a remarkable multifamily development opportunity in the thriving city of Belleview, Florida. Located within city limits, this B2-zoned property boasts a strategic position between The Villages and Ocala, offering convenient access to a new Publix supermarket, schools, retail establishments, and restaurants. The site is ideally suited for a substantial multifamily project, with entitlements updated to reflect the original plans for a 166-unit townhouse development. While a 2013 city addition of a "Business District" reduced permitted density to 124 units, the Planning and Zoning department is supportive of increasing the density back to the originally permitted 166 units. The seller is willing to accommodate the necessary time for modifications to achieve this. Infrastructure is already in place, including a completed underground utility system and lift station (re-certified recently). Detailed site plans and architectural plans are available, encompassing eight apartment buildings, a clubhouse, and other amenities. This property represents a rare chance to address the significant need for workforce rental housing in the area, making it an attractive investment with strong potential for substantial returns. The APN is 37012-001-00. The asking price is $2,000,000.

    Property Features for 0 102Nd Pl

    General Information

    Property type
    Land
    Lot Size
    672,131 SF

    HighLights

    • $2,000,000 asking price.
    • 15.43‑acre commercial land parcel.
    • B2 zoning.
    • Located in Belleview, FL, Marion County (APN: 37012‑001‑00).
    • Multifamily development opportunity; previously approved for 166 units.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Belleview
    County
    Marion
    State
    Florida
    Longitude
    -82.064840057819
    Latitude
    29.073429926659

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    FAQs

    What type of property is this?
    Land - Prime Multifamily Development Site in Belleview, FL
    Where is this land located?
    The property is located at 102Nd Pl Belleview, FL.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: $2,000,000 asking price.; 15.43-acre commercial land parcel.; B2 zoning.
    Request Owner's contact information
    102Nd Pl Belleview, FL 34420
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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.

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    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
    102Nd Pl Belleview, FL 34420
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