For Sale
$1,500,000

5121 29Th StSilver Springs, FL 34488

Florida Land: 4.62 Acres, Entitled

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 4.62-acre parcel in Silver Springs, Florida, presents a turnkey opportunity for multifamily development. Located at 5121 NE 29th St, 34488, this R3-zoned land is fully entitled for a 36-unit residential project. All necessary approvals are in place, significantly reducing development timelines and associated costs. The property has undergone extensive pre-development work, including gopher tortoise relocation, land clearing, and securing essential easements. A sewer easement has been established with an adjacent 55+ manufactured home park, and all necessary utility permits are in hand. The comprehensive due diligence package includes approved site plans, boundary and topographic surveys, a geotechnical report, and all relevant permits and paperwork. This streamlined process minimizes risk and accelerates the construction phase. The asking price for this exceptional opportunity is $1,500,000. Serious buyers may also have the opportunity to acquire existing architectural plans. Don't miss this chance to acquire a fully prepared development site, ready for immediate construction. This prime location in Silver Springs offers excellent potential for a profitable multifamily investment.

Highlights

  • 4.62-acre R3-zoned parcel in Silver Springs, FL, fully entitled for a 36-unit multifamily development.
  • Located at 5121 NE 29th St, 34488.
  • All necessary approvals, permits, and easements are in place, including sewer easement with adjacent property.
  • Extensive pre-development work completed (gopher tortoise relocation, land clearing).
  • Comprehensive due diligence package available (site plans, surveys, geotechnical report).
  • Asking price: $1,500,000; architectural plans potentially available.

Property Details for 5121 29Th St

Property type
Land
Lot Size (sq. ft)
201,247 SF

Location Insight

City
Silver Springs
County
Marion
State
Florida
Latitude
29.2163567
Longitude
-82.0655584
5121 29Th St, Silver Springs, Florida

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5121 29Th St
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