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3920 E Silver Springs Blvd
Ocala, FL 34470 Northeast Ocala

$1,200,000 USD

Land For Sale  •  4.38 AC

Property Details

  • Property Type Land
  • Lot Size 4.38 AC
  • Zoning R3
30 Transit Score
40 Walk Score

Description 

4.38 (+/-) acres off of E Silver Springs Blvd in Ocala, FL. This site is currently zoned R3 and resides within a federally designated Qualified Census Tract, potentially allowing a qualifying affordable housing development to receive up to a 30% increase in eligible basis for Low-Income Housing Tax Credit purposes. This enhanced basis may increase tax credit proceeds, reduce required gap financing, and strengthen the overall economics of future development.

Highlights

INVESTMENT RATIONALE QUALIFIED CENSUS TRACT ENHANCES DEVELOPMENT FEASIBILITY
LIMITED AFFORDABLE SUPPLY CREATES COMPELLING DEVELOPMENT OPPORTUNITY
LOW COST OF LIVING SUPPORTS HOUSING DEMAND
STRONG POPULATION GROWTH AND IN-MIGRATION
HIGH-VISIBILITY LOCATION ALONG MAJOR OCALA CORRIDOR
PROXIMITY TO SW COLLEGE ROAD DEMAND DRIVERS
Brian Devlin 404-456-7288 The Kirkland Company
Brian Devlin 404-456-7288 The Kirkland Company