Ocala 14.08 Acres - 8-10 Executive Lots Development

Highlights:

• - Zoned R3 for residential development
• - Potential for 8-10 executive lots
• - Vacant wooded land ready for development
• - Prime location in Ocala, Florida
• - Close proximity to Vanguard High School
• - Convenient access to Magnolia Business Center
• - Easy reach to Coehadjoe and Silver Springs Park

Description:

This development is ideal for large lots and wooded natural areas. The surrounding neighborhood is low density moderate executive homes. The seller-builder says utilities are brought near the edge of the parcel. The partners had some plans and site surveys completed twenty years ago, and haven't proceeded on this project due to a retiring partner. The remaining seller is a wealth of knowledge. According to seller the city of Ocala currently prefers a lower density 8-10 lot project, with the 71 feet ingress off NW 35th street as an acceptable variance. Although the R3 zoning allowed 12 units per acre, recent prospects couldn't get that density past approval. The seller says he predicts the 8-10 parcels would work from city comments last year, and a couple low spots fit in better with that plan. Previous buyers estimated eight usable acres, and the remaining 6 acres for natural space and detention area. one seller partner Jeff is a builder in the area and may like to discuss the homebuilding phase of development. Buyer should verify everything important to buyer. Ocala Florida is influenced by a large equestrian community in the area. And spacious homesites are popular! The growth, the expanding economy, distribution, and National businesses moving to the area create opportunity for developers, employments and need for residential projects. The high school is walking distance down NW 2nd Ave. Other amenities close by.

Ocala is the fifth fastest-growing city in the nation, according to U.S. News and World Report. They looked at census bureau reports from 2014 to 2018 and found that Ocala grew by more than 9%.

They attribute the growth to people moving into the area because Ocala has a relatively low cost of living compared to other metro areas in the state.

Ocala is 30 miles Southeast of Gainesville, 65 miles Northwest of Orland and 85 miles North of Tampa Florida. Interstate 75 runs thru Ocala, and the Florida Turnpike begins in Ocala and runs thru Orland on its way to Miami.

The Ocala central location has spurred extensive warehouse and distribution center growth with National and Regional Companies choosing this part of Florida for their transportation hubs. Tristate, Sunstate, Cheney, and others are example of large companies choosing their home.

In terms of best places to live, Ocala ranked No. 10 in the state of Florida and No. 69 in the country. Oct 15, 2020. The known history of owning large estate homes, ranches, and top race Horse breeders, established this spacious community.

This parcel opportunity is 2.5 miles North of Downtown via Hwy 301.

The site is a half mile East of Hwy 301 and six miles West of Cohadjoe Park in the Silver Springs area. Five miles Northeast of the Marion County International Airport. Potential ingress is off NW 35th St and NW 2nd Ave. Buyer to verify. The neighborhood is large estate homes on two sides and multifamily on the Westside. A utility easement runs along the South and the High School is just beyond that. The site is heavily wooded.

Ocala Electric Utility

Sec 06 TWP 15 RGE 22 Com at the SE Corner of the SW 1/4/ of NE 1/4 Th N 00-05-07 E 423.35 Ft to the N 00-06-15 E 907.84 Ft Th N 89-20-02 E 669.38 Ft Th N 00-00-29 E 428.64 Ft to the POB Acres 14.1800

Ocala Water and Sewer. Buyer to Verify

Utility Power Lines along the South property boundary.