530 1st Avenue, OCALA, FL 34475
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Priced at Only: $2,900,000
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Address: 530 1st Avenue, OCALA, FL 34475
Property Location and Similar Properties
- MLS#: OM618742 ( Commercial )
- Street Address: 530 1st Avenue
- Viewed: 147
- Price: $2,900,000
- Price sqft: $228
- Waterfront: No
- Year Built: 1955
- Bldg sqft: 12737
- Additional Information
- Geolocation: 29.1915 / -82.1383
- County: MARION
- City: OCALA
- Zipcode: 34475
- Subdivision: Dunns Central Add
- Provided by: BILL RODGERS REALTY
- Contact: Lance Schenker
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DescriptionThis property is a large industrial warehouse office with a fenced yard, located on 2.45 acres in downtown Ocala. It was formerly a lumber yard and offers various possibilities for redevelopment. However, it's important to note that any redevelopment plans would require rezoning of the property. The site holds potential for different uses, such as office space, multi family housing, or apartment development. Rezoning would be necessary to accommodate these new purposes. Depending on the location and other factors, the property may also qualify for opportunity zone benefits and City of Ocala Credits, which can provide certain incentives for investment and development. In addition to the potential for redevelopment, the property is also available for lease starting January 2024, with a monthly rent of $5,500.
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- Views: 147
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