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530 NW 1ST AVE, OCALA, FL, 34475

$ 2,900,000.00
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1 year, 4 months

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530 NW 1ST AVE, OCALA, FL, 34475

bed -- Beds
bed -- Bath
bed 106722 Sq.Feet
bed -- Beds
bed -- Bath
bed 106722 Sq.Feet

$ 2,900,000.00

Calc
$444/mo
Est. Payment

Property description

PublicRemarks:-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.
Directions:- North on NE 1st Ave to NW 6th St - T/L onto NW 6th St to NW 1st Ave. Building on the right corner of NW 6th St and NW 1st Ave.

Property details

Cooling

Central Air

Living Area

-- Square Feet

Constr. Materials

Block, Concrete, Metal Siding

Total Area

12737 Square Feet

Original List Price

$2,900,000.00

Private Pool

No

Fire place

No

Roof

Metal YearBuilt

Days On Market

748

YearBuilt

1955

Lot Features

Corner Lot, Fire Hydrant, City Limits, Near Railroad Siding, Sidewalk

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Property Price

Date Event Price Price/Sq Ft Source
28/11/2022 Active $2900000 0.0 MLS Grid

Property Tax

Year Taxes Land Additions Total Assessment
2019 $3,128 $40,900 + $80,900 = $121,800
2018 $3,128 $40,900 + $80,900 = $121,800
2017 $3,128 - + N/A = $121,800
2016 $3,128 $86,000 + $80,900 = $121,800
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