4510 SW 24th Ave Gainesville, FL 32607

Building Details

Year Built

2023

Listing office J&S Commercial Real Estate Services Inc j***@gmail.com Show Phone

Listing date Dec 10, 2019

Source Crexi

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Investment Insights

Based on property information with market context.

Available for sale is 8.97 usable acres of high-density land, centrally located near Alachua County's retail area. The overall parcel encompasses 10.81 acres, which can be used as the basis for density calculations. The existing zoning permits mixed-use developments, retail spaces, multifamily housing, office buildings, and more. Multifamily density allows for 100 units per acre by right and up to 125 units with a special use permit. The property was rezoned in November 2021 from RMF7 to U9, which accommodates various commercial uses, including multifamily housing, mixed-use developments, retail, office spaces, hotels/motels, and light industrial facilities. Construction on Clark Butler Boulevard is scheduled to begin in the fourth quarter of 2022, with completion expected by the fourth quarter of 2024. The owner intends to wait to enter into a contract until the Florida Department of Transportation (FDOT) has made its first offer for the 1.83 acres designated for stormwater management. The "First offer" is currently scheduled to be delivered in January/February 2020.

Key Highlights

• 8.97 usable acres of high‑density land in a central location.
• Zoned U9, allowing for diverse commercial uses: Multifamily, Mixed Use, Retail, Office, Hotel/Motel, Light Industrial, and more.
• High multifamily density allowance: 100 units per acre by right.

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FAQs

What type of property is this?

Commercial land - 8.97 acres of high-density land suitable for mixed-use development.

Where is this commercial land located?

The property is located at 4510 SW 24th Ave Gainesville, FL.

What is the asking price?

The asking price for this property is $3,750,000.

What are key features of this property?

This property features: 8.97 usable acres of high‑density land in a central location.; Zoned U9, allowing for diverse commercial uses: Multifamily, Mixed Use, Retail, Office, Hotel/Motel, Light Industrial, and more.; **High multifamily density allowance: 100 units per acre by right.**