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    413 Main St Gainesville, FL 32601

    For Sale
    $5,500,000

    1.41 Acres, Mixed-Use Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1.41-acre commercial land parcel presents a unique redevelopment opportunity in the heart of Gainesville, Florida. Located at 413 S Main St, 32601, this property boasts 212 feet of frontage along Main Street, providing excellent visibility and accessibility. Two convenient access points are available via S.E. 4th Place and S.E. 4th Ave. The site is zoned DT, allowing for a high-density mixed-use development. Current zoning regulations permit up to 150 units per acre as of right, with the potential for up to 175 units per acre through a special use permit. This prime location offers significant advantages, including proximity to vibrant retail and dining establishments, public transportation, and major roadways. All utilities are readily available on-site. The asking price for this exceptional development opportunity is $5,500,000. This property is ideal for developers seeking to capitalize on Gainesville's thriving downtown area and create a dynamic mixed-use project, potentially including hotels, condominiums, apartments, or a combination thereof. The substantial lot size and favorable zoning regulations make this a truly remarkable investment prospect. Alachua County location provides access to a strong local economy and growing population.

    Property Features for 413 Main St

    General Information

    Property type
    Land
    Lot Size
    61,420 SF

    HighLights

    • DT zoning allows for hotels, condos, apartments, and other commercial uses.
    • Mixed‑use development potential.
    • Excellent walkability to numerous restaurants and shops.
    • Convenient access to public transit and major highways.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    St. Francis House Non-Profit Organization

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.3246074
    Latitude
    29.6480609

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    FAQs

    What type of property is this?
    Land - 1.41 Acres, Mixed-Use Potential
    Where is this land located?
    The property is located at 413 Main St Gainesville, FL.
    What is the asking price?
    The asking price for this property is $5,500,000.
    What are key features of this property?
    This property features: DT zoning allows for hotels, condos, apartments, and other commercial uses.; Mixed-use development potential.; Excellent walkability to numerous restaurants and shops.
    (352) 256-2112
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    413 Main St Gainesville, FL 32601
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    Gainesville, FL 32601
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    413 Main St Gainesville, FL 32601
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