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Property Description
Investors special and small business owner opportunity! Come see this extremely affordable commercial property with a high B-4 zoning with matching land use, according to Marion County zoning office. This is a high traffic exposure corner property on state road 40 and fronts on three streets! The lot size is 200 feet +/- on state road 40 and is 173 feet +/- in depth being .82 acres total. It's located in the busy commercial district with lots of other new business going in. Included is a small 12x16 mobile office building and one other 8x8 shed. If you are wanting to get started in business without spending a billion dollars, THIS IS IT! An absolute great buy at just $75,000! You may never , ever see a commercial property like this at this price ever again. A one time opportunity is staring you right in the face! Hurry!
Full Property Details
Full Property Details for 787 SE 162nd Terrace
General
- Price: $75,000
- Taxes: $1,371 (2025)
- Status: Active
- Type: Lots/Land
- Source: MidFloridaRegionalMLS
- MLS ID: OM728703
- Updated: 7/17/2026
- Added to Site: 2 day(s) ago
Location
- Area: 34488 - Silver Springs
- County: Marion
- Development Name: 34488 - Silver Springs
- Subdivision: OWEN HEIGHTS
- Driving Directions: East on Rt. 40. from Walmart in Silver Springs go 10.5 miles east on Rt. 40 to sign on left corner
- Direction Faces: South
School Information
- Elementary School: East Marion Elementary School
- Middle School: Ft McCoy Middle
- High School: Lake Weir High School
Community
- Community Name: 34488 - Silver Springs
Utilities
- Sewer: None
- Water: None
- Utility Description: Cable TV Available, Electricity Available
Structural Information
- Current Bldg. Use: Commercial
Additional Structures
- Other Structures: Other, Utility
Lot Features
- Lot Size (Acres): 0.82
- Lot Size (Sq. Ft.): 36,000
- Lot Size: 36000
- Lot Dimensions: 200 x 173
- Frontage: Highway
- Street/Road Desc.: Asphalt
Financial Considerations
- Price Per Acre: $91,463
- Assoc Fee Desc.: None
- Tax Amount: $1,371.32
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: Lots 20, 30, 41 of Owen Heights. And a certain parcel more particularly described as follows: The west 1/4 of the NE 1/4 of the NW 1/4 of section 23, township 15 south, range 24 east, lying north of state hwy 40
- Flood Zone Info: X
- APN: 3238020000
- Property ID: 3238020000
- Block/Lot/Section: UNR
Listed by Sun Realty & Assoc
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Schools
Schools serving 787 SE 162nd Terrace
School District:Marion County School District
| Name | Grades | Distance |
|---|---|---|
East Marion Elementary School 14550 Northeast 14th Street Road, Silver Springs, FL 34488 | PK-5 | 2.2 mi |
Fort Mccoy School 16160 Ne Highway 315, Fort McCoy, FL 32134 | PK-5 | 15.2 mi |
Lake Weir High School 10351 Southeast Maricamp Road, Ocala, FL 34472 | 9-12 | 9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 787 SE 162nd Terrace
Date
Details
Price
Change
Source
7/17/2026
Listed
$75,000
400%
MLS
7/12/2021
Sold
$15,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 787 SE 162nd Terrace
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,371
22%
$54,143
10%
2024
$1,127
3%
$49,221
10%
2023
$1,089
15%
$44,746
10%
2022
$946
-2%
$40,678
1%
2021
$962
—
$40,313
-27%
2021
$962
-10%
$55,430
16%
2018
$1,066
—
$47,970
—
2017
$1,069
1%
$48,025
—
2016
$1,060
—
$48,101
1%
2015
$1,062
-4%
$47,767
-1%
2019
$1,104
8%
$48,129
1%
2014
$1,020
1%
$47,708
1%
2013
$1,005
—
$47,421
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 787 SE 162nd Terrace
787 SE 162nd Terrace, Silver Springs, FL 34488 (MLS# OM728703) is a Lots/Land property with a lot size of 0.82 acres. 787 SE 162nd Terrace is currently listed for $75,000 and was received on July 17, 2026. Want to learn more about 787 SE 162nd Terrace? Do you have questions about finding other Lots/Land real estate for sale in Silver Springs? You can browse all Silver Springs real estate or contact a Coldwell Banker agent to request more information.

