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17188949
16692350

5121 NE 29th St, Silver Springs, FL 34488 For Sale

JC
FL BK3396307
C Squared Realty
Listed by C Squared Realty
$1,200,000
838 days on market
Updated 0 days ago

Shovel-Ready 36-Unit Multifamily Site | Ocala, Florida

Details
Property Type Multifamily, Land
Sub Type Residential
Acreage 4.620
Zoning R3

Multifamily

Marketing description

C Squared Realty is pleased to present a fully entitled 36-unit multifamily development opportunity in Silver Springs, Florida. The approved plan provides for up to 37 multifamily units across approximately 4.62 acres. The offering includes site plan approval, boundary & topo surveys, geo report, all other relevant paperwork. The Seller is willing to discuss the sale of existing architectural plans for 1,618 SF duplex-style townhomes with earnestly interested parties. Sewer and electric easements have been obtained, and water is nearby. Additionally, gopher tortoises have been relocated and property has been cleared.

Entitlement and Development Status

  • Future Land Use - Approved
  • Zoning - R3 (medium-density residential) approved, allowing up to 37 MF units
  • Site Plan - Approved through December 4, 2026
  • Unit Count - 37 units
  • Unit Type - Apartments/townhomes/duplexes
  • Civil Engineering - 100% complete
  • Architectural Plans - Available
  • Water - 625' extension required
  • Sewer - Approved/easement obtained
  • Stormwater - Approved
  • Environmental - Complete
  • Building Permits - Not submitted
  • Remaining Approvals - Building permit

Don’t miss this opportunity for a fantastic property ready for construction!

Investment highlights

  • Fully entitled for 37 multifamily units; Seller-owned plans for 36 townhomes
  • Approved for multifamily
  • Approximately 4.62 acres at 8 units per acre
  • Municipal water and sewer available
  • Approved site plan and transferable engineering included
  • Located 5 minutes from dining, retail, and groceries.
  • Approximately 1/4 mile from SR 40
  • Offered at approximately $33,333/door
  • Construction drawings available for sale

Listing Contacts

JC
FL BK3396307
C Squared Realty
Listed by C Squared Realty

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Additional Information

Name
Jonathan Connor
License
BK3396307
Brokerage
C Squared Realty
Brokerage Address
5251 Northwest 49th Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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