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5019 Fl-40 Ocala, FL 34482

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For Sale
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30 Acres, Mixed-Use Development Potential

Property Features for 5019 Fl-40

General Information

Property type
Multifamily properties
Lot Size
1,306,800 SF

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Listing Contact
Angie Lester
Angie Lester

Listing Agency: The Boyd Group Listing Agent: Angie Lester

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This exceptional 30-acre property in Ocala, Florida, presents a unique investment opportunity. Located on heavily traveled State Road 40, this site boasts Employment Center zoning, permitting high-density mixed-use development. A submitted plan outlines five commercial outparcels along the highway frontage, complemented by a multi-family housing complex on the remaining acreage, addressing the significant need for housing in the area. Situated within Ocala city limits and the Urban Growth Boundary, the land benefits from readily available utilities. The property's strategic location near I-75 and an industrial center provides access to a substantial workforce. The high traffic count on SR 40, coupled with the imminent opening of a major county/city relief road adjacent to the site, ensures exceptional visibility and accessibility. This prime location is experiencing substantial population growth, with the Ocala MSA projected to reach 500,000 by 2040. The area's strong economic indicators, including significant income growth and a booming housing market, further enhance the investment potential. The property's zoning allows for up to 24 multi-family units per acre. The asking price is $8,000,000. This is a rare chance to capitalize on the explosive growth of the Ocala metro area. The property is high and dry with city services.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Map

City
Ocala
County
Marion
State
Florida
Longitude
-82.2046953
Latitude
29.1884818

FAQs

What type of property is this?
Multifamily property - 30 Acres, Mixed-Use Development Potential
Where is this multifamily property located?
The property is located at 5019 Fl-40 Ocala, FL.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: 30-acre parcel on heavily traveled State Road 40 in Ocala, FL.; Employment Center zoning allows mixed-use development.; Approved plan includes five commercial outparcels and a multi-family residential complex.
(352) 817-0600 Call to check price and availability
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