4510 24Th Ave Gainesville, FL 32607
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8.97 acres, 800 units possible, high density.
Property size:
390,733 SFProperty 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
Listing Agent: Joshua Williams
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
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 Profile
Location Intelligence
Current Use by Public Records
Delmastro LLC
Hardware & Home Improvement
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).