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    Alachua Florida 32615 Innovation Dr Alachua, FL 32615

    Sponsored
    For Sale
    $1,156,500

    5.14 Acres, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5.14-acre commercial and industrial land parcel is situated in Alachua, Florida's thriving Progress Park, a science and technology hub. Located on Innovation Drive, this property boasts convenient frontage road access to US Highway 441, a major thoroughfare connecting Gainesville to Interstate 75. The parcel is zoned PUD - Commercial, offering flexibility for a variety of development projects. Its prime location within the established park, adjacent to the University of Florida's Sid Martin Biotech Incubator, ensures high visibility and accessibility. Utilities are on-site, simplifying development plans. The asking price is $1,156,500. This parcel presents a unique opportunity to capitalize on the area's robust growth and established workforce, particularly within the biotechnology, manufacturing, light industrial, or commercial sectors. The property's strategic placement near Research Drive further enhances its appeal. The location within a Foreign Trade Zone provides additional economic advantages. This is a rare chance to acquire a significant piece of land in a rapidly expanding area with excellent infrastructure and a strong local economy. The property's APN is 03956-010-036. This is an ideal investment for developers seeking a high-impact location in a dynamic market.

    Property Features for Alachua Florida 32615 Innovation Dr

    General Information

    Property type
    Land
    Lot Size
    223,898 SF

    HighLights

    • 5.14‑acre commercial/industrial land parcel in Alachua, FL's Progress Park.
    • Prime location on Innovation Drive with US Highway 441 frontage.
    • PUD‑Commercial zoning allows for flexible development.
    • Utilities are on‑site.
    • Located within a Foreign Trade Zone.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Alachua
    County
    Alachua
    State
    Florida
    Longitude
    -82.46902429958
    Latitude
    29.783326400423

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    FAQs

    What type of property is this?
    Land - 5.14 Acres, Prime Location
    Where is this land located?
    The property is located at Alachua Florida 32615 Innovation Dr Alachua, FL.
    What is the asking price?
    The asking price for this property is $1,156,500.
    What are key features of this property?
    This property features: 5.14-acre commercial/industrial land parcel in Alachua, FL's Progress Park.; Prime location on Innovation Drive with US Highway 441 frontage.; PUD-Commercial zoning allows for flexible development.
    Request Owner's contact information
    Alachua Florida 32615 Innovation Dr Alachua, FL 32615
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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
    Alachua Florida 32615 Innovation Dr Alachua, FL 32615
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