10.95 Acre Multi Family Land in Opportunity Zone

1836 NW 21 St Ocala, FL 34475

1836 NW 21 St , Ocala, FL, 34475
1836 NW 21 St , Ocala, FL, 34475 1836 NW 21 St , Ocala, FL, 34475 1836 NW 21 St , Ocala, FL, 34475 1836 NW 21 St , Ocala, FL, 34475 1836 NW 21 St , Ocala, FL, 34475 1836 NW 21 St , Ocala, FL, 34475 1836 NW 21 St , Ocala, FL, 34475
FOR SALE
Property Type:
Multifamily Land
Amount:
$1,650,000
Last Verified:
Nov 23, 2024

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Highlights

  • Opportunity Zone
  • City Water and Sewer
  • Close to I-75
  • Close to Amazon, Chewy.com

Description

10.95 acres located in an Opportunity Zone within the City of Ocala. Entitled for 105 units of two story or 140 units of three story on 7+/- buildable acres. The property is located across the street from the brand new 277 unit Aurora St Leon apartment complex and the beautiful hiking trails of the Ocala Wetland Recharge Park. The new $10m 41,750sf two-story Mary Sue Rich Community Center is the immediate neighbor to the south. This new community center features designated indoor space for senior, youth, and family programs, a public library, a 400-seat banquet and event space, fitness equipment, an indoor walking track, two full basketball courts, pickleball and multi-purpose studio rooms. Large employers such as Amazon, Chewy.com, FedEx and AutoZone distribution centers are located 2.5 miles to the north. The area offers a robust workforce of 287,330 within the three county area (45 minutes).

Located along Interstate 75 in North Central Florida, Ocala is insulated from the coasts and provides quick access to the Orlando, Tampa and Jacksonville markets. 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.

Lot Size: 10.95 acres


Documents

SVN - Brochure (L)

Map of 1836 NW 21 St , Ocala, FL, 34475

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What are Real Estate Incentives?

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."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.