530 NW 1ST AVE — photo 1
530 NW 1ST AVE — photo 2
530 NW 1ST AVE — photo 3
530 NW 1ST AVE — photo 4

$2,900,000

530 NW 1ST AVE, OCALA, FL 34475
Active
12,737
Sqft
1955
Year built
$228
$/sqft

Property details

Type Commercial Sale
MLS # MFR551924360
Listed Apr 17, 2021
Days on market 1793
HOA No
Pool No
County Marion
Data source Stellar MLS

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

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Data source

Stellar MLS

MLS #MFR551924360

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