40 Acres Commercial In The Heart of The Villages!

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 30546186
Property Subtypes: Agricultural, Hospitality, Mobile Home Park, Multi-Family, Office, Residential (Single Family), Retail, Self Storage, Vacation/Resort
Status: Pending/Contingent
Gross Land Area: 40 Acres
Sale Price: $2,850,000
Unit Price: $71,250 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/15/2020

Overview / Comments

Prime Development Property in the Heart of The Villages just moments from the controlled intersection of Highway 441 and Highway 42. This prime parcel offers 39.27 acres of A1- Agricultural land and as per development agreement with Marion County, the subject property has been approved for the development of 256,590 SF of Multi-Use Commercial Space and 78 residential units. Given current zoning, conditional uses may apply and warrant investigation for the endless possibilities at the subject property. The subject property is currently located just 1/2 mile to Publix & Walgreens and Mulberry Plaza which includes other nationally recognized users such as Cody's Roadhouse Grill, Subway, Hair Cuttery, Health Clubs, Doctor Offices and Department of Veterans Affairs Treatment Facility. Currently, the location abuts The Villages owned property that is planned for Multi-Use Commercial Development. The Villages is America's #1 55+ Active Adult Retirement Community. Endless opportunities await!

Additional Details

Nearest MSA: Ocala
County: Marion
Taxing Authority: Marion County
Tax ID/APN: 48320-000-00
Zoning: A1, COMMERCIAL, MULTI FAMILY
Property Located Between: SE Highway 42, US 301 and 441 in The Villages
Property Visibility: Excellent
Legal Description: SEC 27 TWP 17 RGE 23 NE 1/4 OF SW 1/4 & EXC RD RWY & E 18.59 FT OF NW 1/4 OF SW 1/4 & EXC FROM THE NE COR OF SW 1/4 OF SEC 27 TH S 00-19-10 W 31.41 FT TO THE POB TH N 79-13-22 W 7.85 FT TH S 89-43-10 W 341.15 FT TH N 89-32-15 W 210.50 FT TH N 89-36-5 0 W 525 FT TH S 89-53-41 W 100.46 FT TH S 89-53-35 W 133.51 FT TH S 82-37-49 W 8.66 FT TH S 00-15-57 W 18.59 FT TH S 89-50-58 E 1326.88 FT TH N 00-19-10 E 18.59 FT TO THE POB
Largest Nearby Street: Ocala, The Villages
Feet of Frontage: 1,326
Highway Access: SE Highway 42, US 301 and 441
Airports: Ocala Regional, Eustis Regional, Orlando and Tampa International
Site Description: 40 Acres Zoned and Approved for 256k+ commercial development with 79 residential units.
Area Description: The Villages is Americas #1 55 + retirement community and Marion County is the largest surface area county in the state with a population of 356k + covering equivalent in size to the entire state of Rhode Island. Marion County is Home of the World Equestrian Center drawing Equine enthusiasts from around the world.
Lot Frontage: 1325 FT on Hwy 42
Lot Depth: 1275 Ft
Zoning Description: 40 Acres Zoned and Approved for 256k+ commercial development with 79 residential units.
Topography: Level
Soil Type: Mixed
Available Utilities: Electric, Water, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,636 35,819 70,818
Median Age: 60.22 66.31 62.08
Households: 3,800 18,776 35,522

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