530 NW 1ST AVE, OCALA, FL 34475

$2,900,000

Active · 1888 days on market · MLS# MFROM618742

Lot size2.45 acres
Year built1955
Property typeRetail
WaterfrontYes
Annual taxes$7,082
CountyMarion

About this home

This 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 immediately, with a monthly rent of $5,500.

Listing courtesy of Lance Schenker, BILL RODGERS REALTY. Presented by MC Homes Realty Inc · 727432218.

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