0 102Nd Pl Belleview, FL 34420
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.