530 NW 1ST AVENUE, OCALA, FL 34475
DUNNS CENTRAL ADD · Marion County
Key Facts
Description
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.
Property Information
Property Type
Commercial Sale
Sub-Type
Retail
Year Built
1955
Stories
1
Living Area
12,737 sq ft
Lot Size
2.45 acres
Ownership
Corporation
Zoning
FBC
Days on Market
1793
MLS® Listing#
OM618742
Property Features
Cooling
Lot Features
Construction
Foundation
Roof
Sewer
Financial Details
Annual Taxes
$7,082
Tax year 2020
Parcel Number
2865-002-000
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.
Affordability Calculator
$580,000
Estimated monthly payment
$15,435/mo
Principal $2,320,000 · Est. interest $3,236,606 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in OCALA, FL
- $315,462
- Median Listing Price
- 80
- Median Days on Market
- 1,742
- Median Sq Ft
- $176
- Median Price / Sq Ft
- 2,971
- Active Listings
- This home’s price is 819% above the area median.
- Its price per sq ft is 29% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in OCALA, FL.
Location
Points of Interest in OCALA, FL
Showing the OCALA area map.
Nearby Schools
Pace Center for Girls, Marion
Secondary · 0.2 mi away
Drop Back in Academy
School · 0.4 mi away
Grace Episcopal School
School · 0.5 mi away
Osceola Middle School
Elementary · 0.7 mi away
Marion County Public Schools
School · 0.7 mi away
Madison Street Academy
School · 0.8 mi away
Eighth Street Elementary School
Elementary · 0.8 mi away
Ambleside Ocala
School · 0.9 mi away
Wyomina Park Elementary School
Elementary · 1.0 mi away
Howard Middle School
Secondary · 1.1 mi away
Seventh-Day Adventist Church
School · 1.2 mi away
Dr N H Jones Elementary School
Elementary · 1.3 mi away
Angels in Arms
Elementary · 1.3 mi away
Fort King Middle School
Secondary · 1.5 mi away
Marion County Acceleration Academy
School · 1.5 mi away
First Assembly Christian School
School · 1.7 mi away
St John Lutheran Church
Secondary · 1.7 mi away
Kid City USA
School · 1.8 mi away
Vanguard High School
Secondary · 1.8 mi away
Oakcrest Elementary School
Elementary · 1.8 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 695 SE 47TH LOOP, OCALA, FL | $2,049,000 | 5 | 6 | 5,344 |
| 2730 NW 80TH AVENUE, OCALA, FL | $2,050,000 | 3 | 3 | 2,457 |
| 2755 NW 80TH AVENUE, OCALA, FL | $2,075,000 | 3 | 4 | 2,690 |
| 2150 SE 73 LOOP, OCALA, FL | $2,099,999 | 5 | 5 | 6,853 |
| 13009-001-22 HWY 326 AND 225A, OCALA, FL | $2,100,000 | — | — | — |
| 4541 SE 95TH STREET, OCALA, FL | $2,100,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in OCALA
Listing Courtesy: BILL RODGERS REALTY - 352-629-7506
Last Updated: 2021-04-17