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    4510 24Th Ave Gainesville, FL 32607

    Sponsored
    For Sale
    $3,750,000

    8.97 acres, 800 units possible, high density.

    Property size:
    390,733 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 8.97-acre property in Gainesville, Florida, presents a remarkable redevelopment opportunity. Located at 4510 SW 24th Ave, this site boasts a prime location central to Alachua County's retail corridors. The property is zoned U9, permitting a wide range of commercial uses, including multifamily, mixed-use, retail, office, hotel/motel, and light industrial. With a density allowing for 100 units per acre by right, and up to 125 units per acre with a special use permit, this site offers significant development potential for approximately 800 units. The property features a total buildable square footage of 390,733 square feet, currently vacant, and is offered at $3,750,000 ($10.88/sq ft). The land value alone is assessed at $4,250,000/SF. The property is fee simple ownership. Construction of Clark Butler Boulevard is scheduled for completion in the fourth quarter of 2024. While the owner anticipates receiving an offer for a 1.83-acre portion of the land for stormwater management in January/February 2024, prospective purchasers should conduct their own due diligence regarding this and all aspects of the property, including consulting with engineers and legal counsel. The property's zoning was successfully changed from RMF7 to U9 in November 2021. This is a Class A property with an eight-story building height allowance. The year built is 2023. The property's APN is 06686-000-000 and is located in Alachua County, zip code 32607.

    Property Features for 4510 24Th Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    390,733 SF
    Class
    A
    Lot Size
    390,733 SF

    Building Details

    Year Built
    2023
    Stories
    8
    Units
    800

    HighLights

    • 8.97‑acre redevelopment opportunity in Gainesville, FL, at 4510 SW 24th Ave.
    • U9 zoning allows multifamily, mixed‑use, retail, office, hotel/motel, and light industrial uses.
    • High density: 100 units/acre by right, up to 125 units/acre with special use permit (approx. 800 units total).
    • 390,733 sq ft buildable area; currently vacant; listed at $3,750,000 ($10.88/sq ft).
    • Fee simple ownership; land assessed at $4,250,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Delmastro LLC Air Conditioning Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.391615
    Latitude
    29.630706

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    FAQs

    What type of property is this?
    Multifamily property - 8.97 acres, 800 units possible, high density.
    Where is this multifamily property located?
    The property is located at 4510 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-acre redevelopment opportunity in Gainesville, FL, at 4510 SW 24th Ave.; U9 zoning allows multifamily, mixed-use, retail, office, hotel/motel, and light industrial uses.; High density: 100 units/acre by right, up to 125 units/acre with special use permit (approx. 800 units total).
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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
    4510 24Th Ave Gainesville, FL 32607
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