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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.