Gainesville, FL 32601
- Mixed-use properties
- 1 SF
- 0.34 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details
- Year built
- 1930
- Lot size
- 0.34 lot acres
- Property size
- 1 SF
- Property type
- Mixed-use properties
Description
This exceptional 0.37-acre property in Gainesville, Florida presents a remarkable development opportunity. Comprising two adjacent lots (730 SW 5th St and 722 SW 5th St), totaling 0.37 acres (0.20 acres and 0.17 acres respectively), this parcel is ideally situated near the University of Florida. Previously occupied by a home and an in-home daycare, the land is currently zoned for residential use, offering significant potential for mixed-use development or rezoning for single-family or multi-unit dwellings. The strategic location near the University of Florida makes it particularly attractive for student housing or rental units, capitalizing on the high demand for accommodation in this area. The property benefits from its proximity to a range of amenities, including schools, parks, restaurants, and shopping centers, ensuring convenient access to everyday necessities. This presents a unique chance to create a thriving residential or mixed-use project in a vibrant and sought-after Gainesville neighborhood. The combined acreage provides ample space for a variety of development plans, catering to diverse needs and preferences. Investors and developers will appreciate the potential for significant return on investment in this prime location. The property's existing zoning and its location near the University of Florida create a compelling opportunity for a successful development venture.
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
- -82.3258
- Latitude
- 29.6512
