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    6609 120Th Ln Gainesville, FL 32653

    For Sale
    $948,000

    18.96 Acres, High Visibility, Gainesville

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 18.96-acre commercial land parcel presents a compelling investment opportunity in Gainesville, Florida. Strategically located on US Highway 441, the property boasts approximately 1,191 feet of frontage on this major thoroughfare, offering unparalleled visibility to the estimated 23,000 average annual daily traffic. The property also features approximately 1,020 feet of frontage on NW 120th Lane, providing multiple access points and enhanced accessibility. Zoned CI, this high, dry, and fully developable land allows for a wide range of commercial uses. Its convenient location offers easy access to Gainesville via US 441 or NW 43rd Street, as well as proximity to downtown Alachua and Interstate 75. The property's adjacency to McGinley Industrial Park, home to various metalworking, paving, and repair businesses, further enhances its potential. The parcel's size, location, and zoning combine to create a unique opportunity for significant development and return on investment. The property's APN is 05898-003-000 & 05898-004-000. Asking price is $948,000.

    Property Features for 6609 120Th Ln

    General Information

    Property type
    Land
    Lot Size
    825,898 SF

    HighLights

    • 9.15± acre tract with 1,191± feet of US 441 frontage and 1,020± feet on NW 120th Lane.
    • Excellent location near Gainesville, Alachua, and I‑75, accessible via US 441 and NW 43rd Street.
    • US 441 corridor offers diverse development opportunities.
    • 18.96± acres of high, dry, developable land with high US 441 visibility.
    • Adjacent to McGinley Industrial Park, featuring various metalworking and industrial businesses.
    • 23,000± AADT.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Hair Salon Nail Salon Gym & Fitness HVAC Service Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.418518644596
    Latitude
    29.76784405995

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    FAQs

    What type of property is this?
    Land - 18.96 Acres, High Visibility, Gainesville
    Where is this land located?
    The property is located at 6609 120Th Ln Gainesville, FL.
    What is the asking price?
    The asking price for this property is $948,000.
    What are key features of this property?
    This property features: 9.15± acre tract with 1,191± feet of US 441 frontage and 1,020± feet on NW 120th Lane.; Excellent location near Gainesville, Alachua, and I-75, accessible via US 441 and NW 43rd Street.; US 441 corridor offers diverse development opportunities.
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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
    6609 120Th Ln Gainesville, FL 32653
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