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Property profile & analytics
OFF-MARKET
Land

5121 29Th St Silver Springs, FL 34488

4.62 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 4.62 ac (201,247 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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