5019 Fl-40Ocala, FL 34482

Property Details for 5019 Fl-40

Lot size

30.00 AC

Property type

Hospitality properties

Property subtype

Other specialty properties

Description

This exceptional 30-acre property in Ocala, Florida, presents a unique investment opportunity. Located on heavily traveled State Road 40, this site boasts Employment Center zoning, permitting high-density mixed-use development. A submitted plan outlines five commercial outparcels along the highway frontage, complemented by a multi-family housing complex on the remaining acreage, addressing the significant need for housing in the area. Situated within Ocala city limits and the Urban Growth Boundary, the land benefits from readily available utilities. The property's strategic location near I-75 and an industrial center provides access to a substantial workforce. The high traffic count on SR 40, coupled with the imminent opening of a major county/city relief road adjacent to the site, ensures exceptional visibility and accessibility. This prime location is experiencing substantial population growth, with the Ocala MSA projected to reach 500,000 by 2040. The area's strong economic indicators, including significant income growth and a booming housing market, further enhance the investment potential. The property's zoning allows for up to 24 multi-family units per acre. The asking price is $8,000,000. This is a rare chance to capitalize on the explosive growth of the Ocala metro area. The property is high and dry with city services.

Location Insight

City

Ocala

County

Marion

State

Florida

Latitude

29.1885

Longitude

-82.2047

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