Ocala is 80 miles northwest of Downtown Orlando.

The price equates to $7,874 per acre or 18 cents per sf--considered a steal by brokers if the dirt were commercially-zoned.

"You have to realize this is a specialty asset and really can't be compared, apples-to-apples-like, with commercial dirt," says Tom D. Cook, vice president/marketing in the Orlando office of Carter & Associates-ONCOR. Carter was not involved in the transaction.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.