$3,960,000 for Sale
110 sw ft king , ocala, FL 34471
Property Description
In the heart of fast growing downtown Ocala you find this shovel ready subdivided vacant lot ready to develop. * Federal Opportunity Zone AND New Market Tax Credit Qualified * Development Opportunity in Historic Downtown Ocala of 24 Micro Town homes. Town homes vary in size from 1,196 sf (20 Qty) to 1,246 sf (4 Qty). Each unit has 2 Bedrooms and 2.5 Bathrooms with private garage. Residents in this future project will be able to walk to the numerous restaurants, shops, bars, movies and more. Sale Includes Land, Construction Drawings and Building Permit. Nearby Active Comps (Condo and Town home) vary from $351/sf - $391/sf with Units in the nearby 302 Broadway project Pending at $371/sf and $391/sf. Site/Project is located in an established Opportunity Zone as well as in the Downtown Community Redevelopment Agency (CRA) District. The Downtown CRA was been established/funded by the City of Ocala to provide financial incentives to owners to redevelop underutilized properties. Developers can receive CRA funds to use toward various project related expenses. Potential contributions to the Project include but are not limited to Public ROW Improvements, Public and Private Walkways, hardscape, Landscape & Courtyards, Site Lighting, and more. Ideal as a For Sale project or even a For Rent Project. Advent Health Ocala is less than a mile from the site. Seller has Interest List with over 60 Potential Buyers that will be transferred with Sale. Located inside the golf cart driving zone. The parking lot across the street (94 SW Ft King) MLS #OM707323 is also for sale by the same owner.
General Information
Sale Price: $3,960,000
Price/SqFt:
Status: Active
MLS#: OM707230
City: ocala
Post Office: ocala
County: Marion
Acres: 0.52
Lot Dimensions: 100 x 98
Size:
Acreage: 0.52 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Winter Taxes: $7,104
Legal Description: SEC 18 TWP 15 RGE 22 PLAT BOOK 015 PAGE 104ONE FORT KING SUBDIVISION LOTs 1-24, ONE FORT KING SUBDIVISION N PRIVATE ROW, ONE FORT KING SUBDIVISION S PRIVATE ROW
Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2025
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Ted Wukovich of OAKSTRAND REALTY, Phone: 888-912-5258
