2015 14Th St Ocala, FL 34470
This exceptional 11.37-acre parcel presents a remarkable opportunity for residential development in Ocala, Florida. Boasting over 1300 feet of frontage on NE 14th Street and 680 feet on NE 19th Avenue, this property offers significant visibility and accessibility. The land is zoned for low-density residential use, allowing for up to 18 units per acre, ideal for apartments, townhomes, or condominiums. Its strategic location places it directly across from established communities like Wedgewood Estates and Autumn Oaks, suggesting strong potential for attracting residents. This site is identified in the East Ocala CRA Redevelopment Plan as one of ten "high-profile, catalytic project areas" poised to positively influence future development in the region. The property's size and zoning regulations provide considerable flexibility for developers. The asking price is $1,495,000. Annual property taxes (November 2023) were $9,383.91. City of Ocala provides water and sewer services (contact 1805 NE 30th Ave, (352) 351-6772 for details). All post-development stormwater management must be handled on-site. The parcel number is 26490-000-00, and ownership is fee simple. This is a truly exceptional opportunity to capitalize on Ocala's growth.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.