534 & 580 NW 7TH TERRACE Gainesville, FL 32601

Building Details

Architectural style

Other

Listing agent Eric Leightman License #3056069 Show Phone

Listing office UNIVERSITY REALTY g***@gmail.com 1107 SW 2 AVE, Gainesville, FL Show Phone

Listing date Aug 15, 2025

Report an issue

MLS# GC533379 Listing URL

Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

---

Investment Insights

Based on property information with market context.

Two adjacent residential lots located at 534 and 580 NW 7th Terrace in Gainesville offer a rare opportunity in the historic Pleasant Street neighborhood. The south lot at 534 has been cleared and prepared for near-immediate construction, complete with permits and designs for a residence plus an income-producing apartment that optimizes rental potential and return on investment. The adjoining lot at 580 is a partially wooded corner parcel that adds privacy, character, and greater flexibility for future development. Its corner placement allows additional options for ingress, egress, and parking, creating versatility not often found in this area. The location is highly sought after, within walking distance to the University of Florida, Downtown Gainesville, and the University Avenue business district, while still offering a quiet residential setting. The combined lot size is 0.22 acres. Opportunities to acquire two side-by-side lots of this quality are extremely limited, particularly with the added value of a corner lot.

Key Highlights

• Two adjacent lots offered together in the historic Pleasant Street neighborhood.
• South lot (534 NW 7th Terrace) is cleared and ready for construction WITH PERMITS AND DESIGNS for a residence and income‑producing apartment.
• Prime location: WALKING DISTANCE to the University of Florida, Downtown Gainesville, and University Avenue business district.

Property Analytics

Property Profile Location Intelligence

Similar For Sale Nearby

• 

  $750,000

  6,019 SF

  Gainesville Mixed-Use Restaurant Opportunity

  6,019 SF mixed-use building in Gainesville's Grove Street District.

  519 NW 10TH AVENUE, GAINESVILLE, FL 32601

  View Details
• 

  $4,900,000

  23,674 SF

  Gainesville Retail Investment Opportunity

  Fully leased shopping center in a desirable Gainesville location.

  618 NW 60TH STREET, GAINESVILLE, FL 32607

  View Details
• 

  $990,000

  6,294 SF

  Multi-Unit Apartment Building

  Concrete multifamily building with multiple two-bedroom units and exterior washer/dryer hookups for practical, tenant-ready living.

  1110 SW 62 TERRACE, GAINESVILLE, FL 32607

  View Details
• 

  $600,000

  1,584 SF

  Gainesville Dental Practice with Real Estate

  Turnkey dental practice with real estate included in Gainesville, Florida.

  4130 NW 37TH PLACE, GAINESVILLE, FL 32606

  View Details
• 

  $588,000

  3,100 SF

  Turnkey Japanese Restaurant for Sale

  Turnkey Japanese restaurant operation with a fully operational setup and established systems, ready for continued service.

  Tba NW 43RD STREET, GAINESVILLE, FL 32605

  View Details
• 

  $670,000

  2,446 SF

  Turnkey Medical Office For Sale

  Prime location medical office near HCA North Florida Regional Medical Center.

  1155 NW 64TH TERRACE, GAINESVILLE, FL 32605

  View Details
• 

  $1,700,000

  6,850 SF

  Gainesville Restaurant Opportunity

  Freestanding restaurant near Newberry Road and I-75 in Gainesville.

  526 NW 60TH STREET, GAINESVILLE, FL 32607

  View Details
• 

  $2,200,000

  4,166 SF

  Residential Income Duplex with Decks

  Two upgraded houses on a combined corner lot offer flexible residential or mixed-use positioning under U-9 zoning.

  949 SW 13TH STREET, GAINESVILLE, FL 32601

  View Details
• 

  $850,000

  5,881 SF

  Gainesville Office Investment Opportunity

  Office investment property near the University of Florida.

  1103 NW 13TH STREET, GAINESVILLE, FL 32601

  View Details
• 

  $469,900

  3,360 SF

  Leased Quadplex with Metal Roof

  Well-maintained quadplex with four two-bedroom units and a 2022 metal roof, fully leased for immediate income.

  2321 SW 31ST PLACE, GAINESVILLE, FL 32608

  View Details
• 

  $2,800,000

  13,244 SF

  Gainesville Multifamily Investment Opportunity

  Income-producing multifamily property near the University of Florida.

  1615 NW 3RD AVENUE, GAINESVILLE, FL 32603

  View Details
• 

  $799,000

  620 SF

  Gainesville Mixed-Use Development Opportunity

  Prime land parcel near UF, ideal for diverse development.

  560 NW 39TH ROAD, GAINESVILLE, FL 32607

  View Details

FAQs

What type of property is this?

Residential land & home lot - Two adjacent residential lots near University of Florida and Downtown.

Where is this residential land & home lot located?

The property is located at 534 & 580 NW 7TH TERRACE Gainesville, FL.

What is the asking price?

The asking price for this property is $325,000.

What are key features of this property?

This property features: Two adjacent lots offered together in the historic Pleasant Street neighborhood.; South lot (534 NW 7th Terrace) is cleared and ready for construction WITH PERMITS AND DESIGNS for a residence and income‑producing apartment.; Prime location: WALKING DISTANCE to the University of Florida, Downtown Gainesville, and University Avenue business district.