4848 Highway 40Ocala, FL 34474

Property Details for 4848 Highway 40

Lot size

9.43 AC

Zone code

M1

Property type

Industrial properties

Property subtype

Other industrial properties

APN

22860-000-00

APU

2286000000

Description

This exceptional 9.43-acre commercial land parcel presents a remarkable development opportunity in Ocala, Florida. Strategically located on West Highway 40, this property boasts significant highway frontage and ample paved areas, making it ideal for a variety of commercial uses. The site is currently zoned B-2 (City of Ocala), but the owner will facilitate a zoning change to M-1/B-5 following due diligence. Existing infrastructure includes readily available city water, sewer, and power. Its advantageous position offers excellent proximity to the I-75 interchange and the Ocala Airport Commerce Center, enhancing its accessibility and appeal. Further enhancing its value, a signalized corner is planned, with road construction slated for Summer 2024, and a large-scale development is already in the planning stages for this high-traffic intersection. This property's combination of size, location, and infrastructure makes it an exceptional investment opportunity for developers seeking a prime location in a rapidly growing area. The property's APN is 22860-000-00. The asking price for this significant commercial land parcel is $6,300,000.

• Alternative Use

  Use

  Valuation

  Residential

  $94,383,496

  Hospitality

  $86,454,776

  Educational

  $71,929,360

  Medical

  $74,403,120

  Retail

  $111,890,112

Location Insight

City

Ocala

County

Marion

State

Florida

Latitude

29.1854

Longitude

-82.199

CBSA code

36100

CBSA name

OCALA, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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