5121 29Th St Silver Springs, FL 34488
- Land
- 4.62 lot acres
Current Use by Public Records
- Land
Property Details for 5121 29Th St
- Lot size
- 4.62 lot acres
- Property type
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Silver Springs
- County
- Marion
- State
- Florida
- Longitude
- -82.0656
- Latitude
- 29.2164
