1400 18Th Pl Gainesville, FL 32608
- Land
- 1.01 lot acres
Current Use by Public Records
- Land
Property Details for 1400 18Th Pl
- Lot size
- 1.01 lot acres
- Property type
- Land
Description
This exceptional 1.01-acre commercial land parcel, located at 1400 SW 18th Place in Gainesville, Florida (zip code 32608), presents a unique investment opportunity. The property, identified by APN numbers 15502-001-000 and 15502-000-000, is zoned U9 and offers significant potential for development. Situated conveniently near the intersection of SW 16th Avenue and SW 13th Street, this location boasts exceptional proximity to major institutions, including the University of Florida campus, UF Health/Shands Hospital, and the VA Hospital. Its strategic position, approximately one mile south of the Innovation District, makes it ideally suited for a high-end residential development. An approved site plan exists for a seven-story podium structure, designed to accommodate 100 luxury multifamily rental units, creating a Class-A apartment complex. The asking price for this remarkable property is $1,290,000. This prime location and existing development plan offer a compelling opportunity for investors seeking a high-return project in a thriving Gainesville market. Alachua County provides a strong foundation for this development, offering access to a robust infrastructure and a growing population. The property's size and zoning make it a highly desirable asset for discerning developers.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Gainesville
- County
- Alachua
- State
- Florida
- Longitude
- -82.3402
- Latitude
- 29.6346
