530 NW 1st Ave, photo 1
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Overview

0 baRetail
TypeRetail
HOANone listed
Built1955
Lot106,722 sqft

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Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

About this home

530 NW 1st Ave is a 1955-built home in Dunns Central Add, Ocala. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.

From the listing

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 immediately, with a monthly rent of $5,500.

The essentials

Built
1955
On market
2001 days
Annual tax
$7,082
Flood zone
X · Low risk
Lot
106,722 sqft
Type
Retail

At a glance

Payment

Est. monthly payment
$17,165/mo
Down payment (20%)
$580,000
Property taxes
$590/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Retail
Year Built
1955
Lot
106,722 sqft
Cooling
Central Air
Heating
-
Parking
-
Days on Market
2001
Flood Zone X
Annual Tax (2020)
$7,082
Parcel #
2865-002-000

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Dunns Central Add
County
Marion
MLS Area
34475 - Ocala
Lot Size
106,722 sqft
Corner LotFire HydrantCity LimitsNear Railroad SidingSidewalk

Price history

Date
Event
Price
4/17/2021
Listed for sale
Source: Stellar MLS #OM618742
$2,900,000

Neighborhood

530 NW 1st Ave
Ocala, FL, 34475 · 34475 - Ocala

Market insights

Offer Insights

Choose an offer strength

List price: $2,900,000
$2.88M – $2.90M
99.2% – 100% of listTops out right at the list price
80% of listList price
45 of the last 88 home closings in 34475 landed at this number or higher (51%). The median one sat 54 days before it went under contract, and this one is on day 2001.

Sample: 88 closed home sales in 34475 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

Talk through an offer with our team

Calculator

Est. monthly payment
$17,165/mo
Principal & interest$15,125
Property taxes$590
Insurance$1,450
Down payment20% · $580,000
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$2,900,000

Time on market

2001 days

Year built

1955

Monthly payment

About $17,165/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $7,082 annual tax bill, insurance.

Flood zone

Zone X

That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.

Offer

What should I offer?

Have another question?

Brokered byBILL RODGERS REALTYListing agent: Lance SchenkerListing data from Stellar MLS, MLS# OM618742.

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