Located at 216 Marion Oaks Blvd, Ocala, FL 34473, this 48,000 square foot land property will come with approvals in place to build a 12,000 square foot commercial property on the site. Current plans include 8 versatile retail spaces with each retail unit featuring independent electricity meters, private bathrooms, and grease disposal capabilities, making them ideal for a variety of businesses, including restaurants. The property plans to offer 40 on-site parking spaces, ensuring accessibility for tenants and customers. With a projected gross annual income of $168,000, this property has the potential to generate steady revenue for a savvy investor.
Ocala has experienced a remarkable 19.64% population increase from 2010 to 2022, averaging 1.81% annually, a growth rate 154% faster than the national average. This population boom, combined with Ocala's strategic location and connectivity via major highways like I-75, positions this property as an outstanding opportunity for developers seeking to capitalize on a thriving market. Ocala's business-friendly climate, strong infrastructure, and economic growth make it a prime destination for retail investment.