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7359 MIDWAY TERRACE

Lots/Land For Sale
$340,000

BTC: 4.44096134

ETH: 151.11111111

30 days
0 room(s)

Overview

READY TO START CONSTRUCTION: Fully approved 12-unit multifamily development in Ocala. This construction-ready opportunity gives a builder or investor a valuable head start by eliminating the lengthy entitlement, site-planning and architectural design process. The approved project package is already in place, allowing the buyer to move forward with construction coordination and mobilization instead of spending months taking a project through approvals. Located at 7359 Midway Terrace, parcel 9007-0101-18 includes architectural plans, site-development documents and conceptual renderings. Marion County records identify the project as Midway Terrace Apartments under Major Site Plan 2023050074 / 30183. The approximately 0.85-acre, R-3-zoned site offers convenient access to SE Maricamp Road, shopping, services and major area routes. Offered at $340,000. An exceptional opportunity to secure an approved multifamily project and accelerate the path from acquisition to construction in Central Florida. Renderings are conceptual and do not depict completed construction. Seller will provide the available approval and project-document package for review. Buyer to independently verify approval transferability, utilities, impact fees, dimensions, zoning, density and development requirements.

Location

Details

Type:
Land
Parking:
No Data
Year Built:
No Data
Lot:
0.85 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$122,450
$75K – $366K
Confidence Low
List vs. estimate
$217K above estimate
List $340,000 · +177.7%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
18 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$1,279
2025
All facts and features
  • Lot

    • Lot: 0.85 Acres

    Other Property Information

    • Parcel Number: 9007010118

    • Zoning: R3

  • Type and style

    • Property Type: Land

  • Utility

    • Public

  • Other financial information

    • Annual tax amount: $1,280

  • Source details

    • MLS ID: S5158877

    Other facts

    • Lot Features: Buildable / In County

    • Direction Faces: East

    • Water Source: Public

    • Lot Size Dimensions: 100 x 370

    • Subdivision Name: SILVER SPGS SHORES 07

Private inquiry
Talk to the advisor on this listing.
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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: ADAN INVESTMENTS REAL ESTATE GROUP, PLLC