Listed by Innova Land And Development Planning
$1,900,000
Pointe at Silver Springs
Details
Property Type Land
Sub Type Commercial
Acreage 5.480
Zoning AR-3 Multifamily
Land | 5.48 acres
Marketing description
Pointe at Silver Springs is a 68-townhome development on 5.48 AR-3 zoned acres in Silver Springs Shores, Marion County — 2 minutes from the Walmart Supercenter, 7 minutes from Silver Springs State Park, 8 minutes from the Marion County Hospital District, and 19 minutes from Ocala's Downtown Historic Square, with restaurants, retail, and schools across the surrounding corridor. Land cost is $1,900,000 with a projected 38.29% ROI on $20,950,846 in total project cost across two phases. Units are an average of 1,868 sq ft with 3 bedrooms, 2.5 baths, an attached two-car garage, entry porch, and master-suite balcony.
Phase I (1.30 acres, 18 units) is fully approved under Marion County AR#29072 — architectural, civil, and MEP plan sets are stamped and ready to permit. Phase II (4.18 acres, 50 units) is queued for the same site, engineering already scoped at $5,500 per unit.
Investment highlights
- UNIQUE LOCATION - 5 MINUTES TO SILVER SPRINGS STATE PARK AND 14 MINUTES TO OCALA HISTORIC DOWNTOWN, AND CLOSE TO WALMART SUPERCENTER, HOSPITAL, RESTAURANTS, SHOPPING MALLS, SCHOOLS AND MORE
- Project Type: 68-Unit Townhome Development (2 Phases)
- Land Cost: $1,900,000
- Unit Size: Avg 1,868 sq ft (3 BR / 2.5 BA)
- Phase I: 18 units • 1.30 ac • 33,637 SF • approved AR#29072
- Total Project Cost: $20,950,846
- Net Sellout: $28,973,100
- Projected Roi (Blended): 38.29%
- Timeline: 30-42 months (both phases)
- Land Size: 5.48 acres
- Zoning: AR-3 Multifamily
- Per Unit: Two-car garage • entry porch • master balcony • interior laundry
- Phase Ii: 50 units • 4.18 ac • 93,436 SF • pre-development
- Gross Sellout: $30,498,000
- Projected Profit: $8,022,254
- Projected Irr: 15-22% (19% Base case)
- Project Planning: Innova Land and Development Planning
Listing Contacts
Listed by Innova Land And Development Planning
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Zoning
A-1 AgricultureGeneral Agriculture
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