NW 44th Avenue Development Site_Propiedad en venta

Northwest 44th Avenue, Ocala, FL, 34482, US

NW 44th Avenue Development Site

Descripción del activo

Jones Lang LaSalle Americas, Inc. is pleased to offer the sale of NW 44th Ave Land, a multifamily development site located in the dynamic City of Ocala, Florida. Spanning ±23.24 acres, the Site is conveniently situated along US-Hwy 27 (±22,000 VPD) less than a mile from the I-75 (±95,500 VPD) interchange and is nearby to dominant industry sector hubs in logistics, healthcare, and retail, yet secluded north of the current units under construction within five miles. Ocala is favorably positioned as a central location between Orlando, Tampa, Jacksonville, and Daytona, creating the ideal location for distribution facilities. From 2019-2023, distribution and warehouse inventory surged ±43% in Ocala, now home to companies such as Amazon, FedEx, AutoZone, Chewy, and Coca-Cola. Notably, the Ocala/Marion County Commerce Park is located ±2 miles from the Site and is home to over 4,100 employees.

Healthcare is also a leading employment driver as 4 hospitals (AdventHealth Ocala, HCA Florida Ocala Hospital, HCA West Marion Hospital, UF Health) sit within 5.5 miles from the Site, totaling ±930 beds and ±6,775 employees. Just ±1 mile from the Site is the new UF Health Ocala Neighborhood Hospital, a 150K SF facility which a ribbon-cutting ceremony was held for in June 2024. Supporting the area's robust residential and employment base is the dense retail corridor along SR-200 (±45,000 VPD), roughly a 4.5-mile drive from the Site. Shopping destinations with top national retailers include the Paddock Mall, Gaitway Plaza, Boyd Market Center, Shady Oaks, and Ocala West. Ocala is also uniquely renowned as the Horse Capital of the World, anchored by the World Equestrian Center and home an equine industry that generates $4.3B in regional annual economic impact.

The Site is entitled for up to 384 multifamily units and offers the ideal opportunity for new ownership to strategize a development plan that maximizes value based on the trade area's versatility.

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Aspectos destacados de la inversión

Booming Distribution Hub

Ocala recently ranked 17th in the top 20 distribution hubs in the U.S. (CommercialSearch). Among the top markets, Ocala marked the 5th-highest increase in distribution and warehouse inventory from 2019-2023 at +43% growth. Composed of renowned companies occupying large-scale distribution warehouses, the Ocala/Marion County Commerce Park is notably located ±2 miles from the Site and includes FedEx (±2,000 employees), Chewy (±1,200 employees), Amazon (±500 employees), and AutoZone (±400 employees). Also, Coca-Cola opened in November 2024 a $10 million, 28K SF sales and distribution facility ±3.5 miles from the Site to bring ±120 employees.

Enhancing Connectivity

The Site is ideally located along US-Hwy 27 (22,000 VPD) and less than a half mile from its interchange with I-75 (95,500 VPD), providing excellent connectivity to the area's leading demand drivers. A road-widening expansion on I-75 broke ground in February 2025, adding an auxiliary lane to both the north and southbound roads along 31 miles from SR-44 to SR-326. A heavily trafficked corridor, the $550M project is expected to reduce travel delays by ±92% and will have a regional economic impact of $2.3B. Also included in the project is the anticipated diverging diamond interchange at I-75 and NW 49th St, where a 74K SF Buc-ee's travel center is planned.

Strong Healthcare Presence

Healthcare is a dominant industry and employment driver in Ocala as 4 major hospitals are located within 5.5 miles of the Site including AdventHealth Ocala (385 beds, 3,606 employees), HCA Florida Ocala Hospital (323 beds), and HCA West Marion Hospital (222 beds). HCA hospitals in the area combine for over 3,170 employees and notably, HCA Florida West Marion recently opened a new $120M tower in 2024 to add 42 beds. Also, a ribbon-cutting ceremony took place in June 2024 at UF Health Ocala Neighborhood Hospital, a brand-new 150K SF facility, located ±1 mile from the Site.

Dense, Convenient Retail Surrounding

Publix at The Shops at Foxwood is conveniently located ±1 mile from the Site. Also proximate to the Site (±4.5 miles) is the dense SR-200 shopping corridor consisting of essential and leisure national retailers. Top destinations include Paddock Mall (Macy's, JCPenney, Belk), Gaitway Plaza (TJ Maxx, Ross Dress For Less, Marshalls, Michaels), Shady Oaks Shopping Center (Best Buy, Earth Fare, Burlington, Staples), Boyd Market Center (Walmart Supercenter, Planet Fitness), Ocala West (Hobby Lobby, Sky Zone), Lowe's, The Home Depot, Sam's Club, Regal Cinemas, Target, Kohl's, and ALDI.

Horse Capital of the World

Renowned as the Horse Capital of the World, the region is home to more than 1,200 farms and training facilities, along with 29,000 local employees in the Thoroughbred industry alone, and $4.3B in economic impact is generated in the Ocala metro annually. The World Equestrian Center is located ±5.5 miles from the Site and is a growing destination with the current construction of The Event Center at WEC (180K SF) which is expected to open in Fall 2025 and create 300 jobs, and Shoppes Off 80th (80K SF) which will include roughly 30 retailers.