About 530 Nw 1st Avenue
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.
Features of 530 Nw 1st Avenue
| MLS® # | OM618742 |
|---|---|
| Price | $2,900,000 |
| Acres | 2.45 |
| Year Built | 1955 |
| Type | Commercial Sale |
| Sub-Type | Industrial |
| Status | Active |
Community Information
| Address | 530 Nw 1st Avenue |
|---|---|
| Area | Ocala |
| Subdivision | DUNNS CENTRAL ADD |
| City | OCALA |
| County | Marion |
| State | FL |
| Zip Code | 34475-8804 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Cooling | Central Air |
|---|---|
| Fireplace | No |
| # of Stories | 1 |
Exterior
| Lot Description | Corner Lot, Fire Hydrant, City Lot, Near Railroad Siding, Sidewalk |
|---|---|
| Roof | Metal |
| Foundation | Slab |
Additional Information
| Date Listed | April 20th, 2021 |
|---|---|
| Days on Market | 1610 |
| Zoning | FBC |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | BILL RODGERS REALTY |
|---|