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    23Rd Ter Gainesville, FL 32606

    For Sale
    $695,000

    Prime Gainesville location, development ready.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 5-acre parcel in Gainesville, Florida, presents a remarkable investment opportunity. Located just off US 441 in a northwest location, this high and dry, flat land is perfectly suited for immediate development. The property boasts RMF7 zoning, offering considerable flexibility for a variety of uses. This zoning allows for both commercial and residential development, with a potential density of up to 14 units per acre. Permitted projects could include multi-family dwellings (duplexes or quadraplexes), churches, elder care facilities, or childcare centers. The site's convenient location offers easy access to major roadways and numerous amenities. Within walking distance is a Walmart, and nearby are Advance Auto Parts, Dunkin' Donuts, and the Northwood Village Shopping Center. This large parcel presents a significant value for investors seeking to maximize their return on investment in a thriving Gainesville market. The asking price is $695,000. The address is NW 23rd Terrace, Gainesville, FL 32606, in Alachua County.

    Property Features for 0 23Rd Ter

    General Information

    Property type
    Land
    Lot Size
    217,800 SF

    HighLights

    • RMF7 zoning permits commercial and residential development.
    • Up to 14 multi‑family units per acre are allowed, including duplexes and quadplexes, plus other uses like churches and childcare facilities.
    • This 5‑acre, high and dry, flat lot offers excellent development potential in a prime northwest location near US 441.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.360964126219
    Latitude
    29.712262490934

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    FAQs

    What type of property is this?
    Land - Prime Gainesville location, development ready.
    Where is this land located?
    The property is located at 23Rd Ter Gainesville, FL.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: RMF7 zoning permits commercial and residential development.; Up to 14 multi-family units per acre are allowed, including duplexes and quadplexes, plus other uses like churches and childcare facilities.; This 5-acre, high and dry, flat lot offers excellent development potential in a prime northwest location near US 441.
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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
    23Rd Ter Gainesville, FL 32606
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