102Nd Pl Belleview, FL 34420
- Land
- 15.43 lot acres
Current Use by Public Records
- Land
Property Details for 0 102Nd Pl
- Lot size
- 15.43 lot acres
- Property type
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Belleview
- County
- Marion
- State
- Florida
- Longitude
- -82.0648
- Latitude
- 29.0734
