Rarely does the market offer three contiguous, fully entitled multifamily parcels ready for vertical development but that's exactly what's available along NW 27th Avenue in Ocala's fast growing West Oak ...


Property

Website:https://www.nestseekers.com/5670994
Address:
OCALA, FL 34475
Ownership: Other
Type: Unknown
Lot Size: 22.9 Acres

Financials

Price:$15,000,000
Annual Taxes:$33,376.16

Description

Rarely does the market offer three contiguous, fully entitled multifamily parcels ready for vertical development - but that's exactly what's available along NW 27th Avenue in Ocala's fast-growing West Oak Community. Each of these three parcels is approved for 250 multifamily units, for a combined 750 units of in-demand rental housing, situated within one of the region's most active growth corridors and inside a federally designated Opportunity Zone. Each parcel is offered at an asking price of $5,000,000.00. West Oak itself is a 200-acre master-planned community, entitled for up to 2,300 residential units - a mix of apartments, townhomes, and single-family homes - anchored by retail and an amenity center. Multifamily and single-family products elsewhere in the community are already delivering, giving investors and builders a proven, active market to step directly into.

Amenities

  • Cable - Available
  • Electrical Nearby
  • Phone Available
  • Sewer Nearby
  • Water Nearby

Contact

888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of LINDA SIEMENS REALTY, LLC

OCALA FL 34475 USA