530 Nw 1st AvenueOcala, FL 34475MLS Number OM618742

  • Price: $2,900,000
  • 1183 Days on Market
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Federal 30-year interest rate: 6.89% last updated on Jul 11, 2024
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530 Nw 1st Avenue Ocala FL 34475530 Nw 1st Avenue Ocala FL 34475530 Nw 1st Avenue Ocala FL 34475530 Nw 1st Avenue Ocala FL 34475
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  • 2.45Acreage
  • 1955Year Built
  • 12,737Square Feet
This property is a large industrial warehouse office with a fenced yard, located on 2.45 acres in downtown Ocala. It was formerly a lumber yard and offers various possibilities for redevelopment. However, it's important to note that any redevelopment plans would require rezoning of the property. The site holds potential for different uses, such as office space, multi-family housing, or apartment development. Rezoning would be necessary to accommodate these new purposes. Depending on the location and other factors, the property may also qualify for opportunity zone benefits and City of Ocala Credits, which can provide certain incentives for investment and development. In addition to the potential for redevelopment, the property is also available for lease starting January 2024, with a monthly rent of $5,500.
Listing Courtesy of BILL RODGERS REALTY

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Location Information

  • Road Frontage["Business District", "City Street"]

Basic Information

Water Body

  • MFR Water Access YN No
  • MFR Water View YN No

Other

  • Date Listed04/20/2021
  • MFR Flood Zone Code X
  • View Count135

Basic Information

  • List Price$2,900,000
  • MLS NumberOM618742
  • Mls Status Active
  • StatusACT

Building

  • Building Area Source Public Records
  • MFR Freezer Space YN No
  • RoofMetal
  • Stories1
  • Year Built1955

Property

  • ZoningFBC

Property Information

  • Acreage2.45
  • Construction Materials Block, Concrete, Metal Siding
  • Lot DescriptionCorner Lot, Fire Hydrant, City Limits, Near Railroad Siding, Sidewalk
  • Lot Size Square Feet 106,722
  • MFR Converted Residence YN No
  • MFR Total Acreage 2 to less than 5
  • Square Feet12,737

Tax Information

  • Tax Year 2020
  • Taxes$7,081

Location

  • Address530 Nw 1st Avenue
  • AreaOcala
  • Building Number530
  • CountyMarion
  • StateFL
  • Street1st
  • SubdivisionDunns Central Add
  • TownOcala
  • Township 15S
  • Zip34475

Utilities

  • Cooling Central Air
  • Electric ["200+ Amp Service", "220 Volts"]
  • Sewer Public Sewer
Fusilier Realty Group
Fusilier Realty Group
Office: 407-281-8455
10016 Wellness Way
Orlando, FL 32832

Based on information submitted to StellarMLS as of July 15, 2024 . All data is obtained from various sources and has not been, and will not be, verified by broker or StellarMLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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