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4400 40th Ave - 17.31± Acre I-75 Mixed-Use Development Opport 17 Acres of Commercial Land Offered at $6,275,633 CAD in Ocala, FL 34474
Investment Highlights
- 17.31± acre development opportunity | Willing to Subdivide
- Existing R-3 Multifamily Residential zoning
- Potential mixed-use repositioning strategy
- Approximately 112,000 VPD along I-75
- Existing conceptual multifamily site plan
- Conceptual hotel, medical, senior living and institutional uses
Executive Summary
Property Facts
| Price | $6,275,633 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 17.00 AC |
| Zoning | R-3 Multifamily Resid. - Intended primarily for higher-density residential development, such as apartments or other multifamily housing. | ||
| Price | $6,275,633 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 17.00 AC |
| Zoning | R-3 Multifamily Resid. - Intended primarily for higher-density residential development, such as apartments or other multifamily housing. |
1 Lot Available
Lot
| Price | $6,275,633 CAD | Lot Size | 17.00 AC |
| Price Per AC | $369,154.87 CAD |
| Price | $6,275,633 CAD |
| Price Per AC | $369,154.87 CAD |
| Lot Size | 17.00 AC |
17± net-acre R-3 multifamily development opportunity with prominent I-75 visibility and convenient access to Ocala’s primary retail corridor. The site offers potential density of up to approximately 348 units, subject to approvals.
Description
Franklin Street presents 17.31± acres positioned immediately adjacent to I-75 in Ocala’s primary retail and residential growth corridor. The property offers flexibility for continued multifamily development under its existing R-3 zoning or potential repositioning for a range of commercial and institutional uses. Conceptual development alternatives include hotel, medical office, senior living, assisted living, charter school and flex or multi-tenant commercial uses. Any use not permitted under the existing R-3 zoning would be subject to rezoning, entitlement and governmental approval. The site benefits from visibility to approximately 112,000 vehicles per day along I-75 and convenient connectivity to SW 43rd Street and SR 200. Nearby amenities include Market Street at Heath Brook, HCA Florida West Marion Hospital, Dillard’s, Sam’s Club, Kohl’s, Starbucks, Chick-fil-A, Panera Bread and Epic Theatres. The property may be acquired as a whole, with subdivided or carve-out opportunities considered based on use, size, location and design.
Contacts
-
Shaun Mayberry -
Zachary Ames -
Jonathan Barclay -
Brett Moss -
Brittany McGriff -
Franklin Street
Presented by
4400 40th Ave - 17.31± Acre I-75 Mixed-Use Development Opport
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