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Strategically positioned at the corner of NE 2nd Street & NE 9th Avenue W, this parcel sits just minutes from Historic Downtown Ocala. The site offers the perfect balance of proximity to downtown restaurants, retail, and cultural amenities. Surrounded by established neighborhoods and steady rental demand, this lot is one of the few remaining infill development opportunities in the Ocala core.
**Lot Size: ±2. 56 acres
**Downtown-Adjacent Location: Less than 1 mile to Ocala’s Historic Square, restaurants, shops, and cultural venues - Infill Opportunity
**Zoning: R-3 (Multi-Family Residential)
**Density Allowed: 12 units/acre | ±30 units max by code
**Permitted Uses: Multi-family dwellings, single-family homes, two-family and multi-family dwellings, residence-office and residence-galleries, bed & breakfast, assisted living facility
**Special Exceptions Possible: Professional offices, day care, churches, recreation facilities, neighborhood wellness centers
**Parking Requirement: 1. 5 spaces/unit. Additional spaces may be required for amenities.
**Utilities: City water and sewer are nearby
**Neighborhood Context: Surrounded by long-standing homes, an opportunity for a well-positioned, modern infill product.
**Corner Exposure: Frontage on both NE 2nd St & NE 9th Ave for easy access and design flexibility
**Connectivity: Access to major corridors, including US 301/441 and SR 40
This site represents a rare chance to deliver new housing just outside the downtown core — close enough to enjoy the amenities. Ideal for an investor, builder, or developer looking to capture demand for modern apartments or townhomes close to downtown Ocala’s growing market.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $480,000 | $480,000 | $480,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.407% | 6.577% | 5.986% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,878 | $2,995 | $3,986 |
| Total Monthly Payment | $2,970 | $3,087 | $4,078 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.