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Commercial - DUNNS CENTRAL ADD for Sale

530 NW 1ST, OCALA, FL 34475

Asking Price$2,900,000

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  • Days on market:

    1136 day(s)
  • Original Price:

    $2,900,000
  • Tax Legal Description:

    SEC 18 TWP 15 RGE 22 PLAT BOOK E PAGE 006 DUNNS NW ADD OCALA ALL BLK B & ALL BLK C EXC RD & COM AT THE SW COR OF LOT 13 NEW SURVEY NORTH (E-2) TH N 89-43-30 E 174.10 FT TO THE POB TH CONT N 89-43-30 E 60 FT TH N 270.12 FT TO A PT ON THE SLY ROW LINE OF SEABOARD COAST LINE RR CO SPUR TRACK PT BEING 10 FT SLY MEASURED RADIALLY FROM THE CL OF SPUR TRACK TH SWLY ALONG THE ARC OF CURVE A CHORD BEARING & DISTANCE OF S 80-35-29 W 60.77 FT TH S 260.53 FT TO THE POB
  • Tax Year:

    2020
  • Property Type:

    Commercial
  • Construction Type:

    BlockConcrete Metal Siding
  • Roof:

    Metal
  • Cooling Description:

    Central Air
  • Special Listing Conditions:

    None
  • Lot Features:

    Corner Lot SidewalkCity Lot Fire Hydrant Near Railroad Siding

Description

$2,900,000

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 starting january 2024, with a monthly rent of $5,500.

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