$1,021,000

Multifamily Investors and Developers Opportunity! Income property potential. Zoning R3 Neighborhood 12 Units per Acre. Ocala is the fifth fastest-growing city in the nation, according to U.S. News and World Report. They looked at census bureau reports from 2014 to 2018 and found that Ocala grew by more than 9%. They attribute the growth moving into the area because Ocala has a relatively low cost of living compared to other metro areas in the state. Ocala is 30 miles Southeast of Gainesville, 65 miles Northwest of Orlando and 85 miles North of Tampa Florida. Interstate 75 runs thru Ocala, and the Florida Turnpike begins in Ocala and runs thru Orlando on its way to Miami. The site is a half mile East of Hwy 301 and six miles West of Cohadjoe Park in the Silver Springs area. Five miles Northeast of the Marion County International Airport. Potential ingress is off NW35th St and NW 2nd Ave. Buyer to verify. The neighborhood is large estate homes on two sides and multifamily on the Westside. A utility easement runs along the South and the High School is just beyond that. The site is heavily wooded. The Buyer should verify density, zoning, site, and anything that is important to buyer.