$999,900

Martin Luther King Jr. Avenue

OCALA FL, 34475

Description

Commercial/multifamily use, 59.81 acre property is slightly irregular in shape. It is situated along the east side of Northwest Martin Luther King Jr. Avenue (Northwest 16th Avenue) and the north side of Northwest 22nd Street in Ocala, Florida. Based on public record information, the site has 2,164.32 feet of frontage along the east right-of-way of Northwest Martin Luther King Jr. Avenue and 494.42 feet of frontage along the north right-of-way of Northwest 22nd Street.The north boundary extends eastward for a distance of 1,278.13 feet from Martin Luther King Jr. Avenue. Infrastructure for retention is already in place as well as fire hydrants. The site has level to gently rolling topography. Electrical utilities are available at the site. The property is located at the northern region of the Ocala city limits. Municipal water service is currently available at the site. However, municipal sewer lines end about 200 feet south of the site and would need to be extended at the owner's expense. Access to the site is very good. Its significant amount of road frontage along Martin Luther King Jr. Avenue and Northwest 22nd Street provides the site with easy access from the north or south. Its close proximity to US Highway 441 (North Pine Avenue) about 1/2 mile to the east provides easy access from the site into a highly concentrated business area of north Ocala. The R-3 zoning designation is Multiple Family Residential zoning classification which ultimately is its highest and best use.

Details

MLS#R4900320
Sub-TypeResale
StatusActive
Days On Site531

Features

ZoningR3
Acreage59.81

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Area Information

StateFL
CityOCALA
Zip Code34475
Area34475 - Ocala
Listing VS Median (in 34475)
Price:
$999,900
low | high
Med:
$60,000
100% of Average
On Site:
531
low | high
Med:
132
100% of Average
Listing Updated: 12/07/2019
MLS Number: R4900320
Listing Provided By:
Leslie Simmonds  of  L.G. SIMMONDS REAL ESTATE

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