34+/- Acres for 134+ Single Family Homes

5500 SE 24TH ST Ocala, FL 34480

5500 SE 24TH ST, Ocala, FL, 34480
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FOR SALE
Property Type:
Residential Land Development
Amount:
$2,490,000
Last Verified:
Feb 01, 2024

Highlights

  • Land Use: 270 Units or 134 Single Family Homes
  • 4 to 8 Units/Acre
  • Utilities Available
  • Zoning: Agricultural
  • Three Access Points
  • Close to Schools, Parks

Description

Excellent residential subdivision development parcel located within established residential neighborhood. Land use provides for up to 270 units (8 units/acre), however, four to five units per acre for a non rental subdivision have a higher probability of zoning approvals. This is an excellent location for a 134 lot single family subdivision. The property is currently zoned A-1 Agriculture and will need to be rezoned to PUD with Marion County. The property features two points of egress , one fronting SE 24th St on the north and one on SE 28th St to the south. Close to Maplewood Elementary (1.2 miles) and Forest High School (2.7 miles). 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 also within a five minute drive. Central water is located within 250'+/- along north boundary on SE 24th Street, sewer lines are 1,300'+/- west along Baseline Road. (See utility map.) Public records indicate no FEMA floodplain issues. Property provides three ingress/egress points for access. Sellers wish to retain three of the 37.78 acre parent parcel for private residence.

Located along Interstate 75 in North Central Florida, Ocala is a one-hour drive North of Orlando. Residents and businesses alike enjoy a high quality of life and a relatively low cost of living. Quality healthcare and one of Florida's lowest housing costs make Marion County a great place to live. The scenic landscape is graced by the pastoral beauty of more than 900 horse farms with plenty of green space for all to enjoy. Marion County is home to a diverse economy, blending horse farms and agricultural interests with a variety of business sectors.

Lot Size: 34.0 acres


Documents

NEW - Brochure (P)

Map of 5500 SE 24TH ST, Ocala, FL, 34480

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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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