19115 44Th StOcklawaha, FL 32179

  • Other commercial real estate
  • 2,300 SF
For Sale
$2,600,000 View listing

Property Details for 19115 44Th St

Year built
2003
Construction
STEEL FRAME
Lot size
9.50 AC
Property size (Sq ft)
2,300 SF
Zone code
PRV
Property type
Other commercial real estate
APN
32905-000-00
APU
3290500000

Description

This exceptional investment opportunity presents the Lake in the Forest RV Resort, a 28.51-acre property located at 19115 SE 44th St, Ocklawaha, FL 32179. Priced at $2,600,000 with a 10% proforma cap rate, this established resort boasts 47 RV spaces equipped with 50/30/20 AMP service, along with 6 cabins and a triple-wide lakefront mobile home. The land is zoned as Camps/Campgrounds (19 acres) and Acreage/Non-Classified (9.51 acres), providing flexibility for future development. City water and septic are in place, ensuring convenient utility access. Residents enjoy unparalleled access to Half Moon Lake and the Ocala National Forest, complemented by resort amenities including a heated pool, clubhouse with recreation center, WiFi, shuffleboard court, hiking/biking trails, a boat launch and dock, and abundant wildlife viewing opportunities. Nearby attractions include Silver Springs State Park, Ocala National Forest, Hampton Beach, Carney Island Recreation Area, Ocala, and The Villages. Currently operating on a limited seasonal basis, the resort's full-time operation potential projects a gross income exceeding $400,000. Significant upside potential exists through a planned Phase 3 expansion of 14 RV sites and a Phase 1 expansion of 20 RV sites, contingent upon the removal of the existing laundry facility. Detailed financial information is available upon request. This property offers a unique blend of established income and substantial growth opportunities within a highly desirable Florida location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $448,125
    Hospitality
    $410,480
    Educational
    $341,515
    Medical
    $353,260
    Retail
    $531,245
19115 44Th St, Ocklawaha, Florida
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Location Insight

City
Ocklawaha
County
Marion
State
Florida
Latitude
29.1469
Longitude
-81.8352
CBSA code
36100
CBSA name
OCALA, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$20,517
$103,250
$868,327
$971,577
-
$103,250
$868,327
$971,577

FAQs

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