Residential Subdivision Development
For Sale
Contact for pricing
5500 SE 24th St, Ocala, FL 34480
Development parcel suitable for a single-family subdivision.
Property SizeContact for details
Lot Size37.78 Acres
Days on Market1021
Property Features for 5500 SE 24th St
General Information
Standard status
Active
Lot size
37.78 Acres
Property subtype
Land
Zoning
A-1, High Density Land Use
Listing Agency:
SVN I MCDONALD & COMPANY
(352) 644-1552
Listed By:
Bartow McDonald IV · License #BK3143865
Source:
Crexi
Added: Oct 27, 2023
Changed: Aug 8
Last Checked: Aug 8 at 4:25AM
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 SVN I MCDONALD & COMPANY
Investment Insights
Based on property information with market context.
This residential subdivision development parcel is situated within an established residential neighborhood. The land use allows for up to 270 units, which is approximately 8 units per acre. However, a non-rental subdivision with four to five units per acre may have a higher probability of zoning approvals. The location is suitable for a 134-lot single-family subdivision. Currently zoned A-1 Agriculture, the property will require rezoning to PUD with Marion County. It features two points of egress, one fronting SE 24th St on the north and one on SE 28th St to the south. Maplewood Elementary is 1.2 miles away, and Forest High School is 2.7 miles away. Publix, the YMCA, Zaxby's, Dunkin Donuts, Sonic, McDonalds, Planet Fitness, Starbucks, and Chase Bank are a five to seven minute drive west. Jervey Gantt recreational park, Shocker baseball/softball park, and the Baseline Trailhead to the Greenway are within a five-minute drive. Central water is located within approximately 250 feet along the north boundary on SE 24th Street, and sewer lines are approximately 1,300 feet west along Baseline Road. Public records indicate no FEMA floodplain issues. The property provides three ingress/egress points for access. The sellers wish to retain three acres of the 37.78-acre parent parcel for a private residence.
Key Highlights
- Potential for a 134‑lot single‑family subdivision.
- Located within an established residential neighborhood.
- Two points of egress on SE 24th St and SE 28th St.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
438
Businesses Nearby
Explore this area
Business Placement
Demographics for 34480, FL
21,709
Population
9,864
Households
2.2
Avg Household Size
40
Median Age
28%
College-Educated
93%
High-School Grad
35.2 sq mi
ZIP Area
617
Density / Sq Mi
$75,334
Median Household Income
$40,953
Median Earnings
$1,238
Median Rent
$248,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Development parcel suitable for a single-family subdivision.
Where is this residential land & home lot located?
The property is located at 5500 SE 24th St Ocala, FL.
What is the asking price?
The asking price for this property is $2,490,000.
What are key features of this property?
This property features: Potential for a **134‑lot single‑family subdivision**.; Located within an established residential neighborhood.; Two points of egress on SE 24th St and SE 28th St.
