2601 Williston Rd Gainesville, FL 32608
This exceptional 2.85-acre parcel in Gainesville, Florida, presents a unique opportunity to develop a high-end townhome condo community. Situated near the University of Florida, renowned research hospitals, and museums, this prime location offers unparalleled convenience and desirability. The property boasts existing infrastructure, including completed pads for phase two with stubbed-out underground utilities. Thirteen condo units are already built, with four successfully sold at or above list price, demonstrating strong market demand. All necessary approvals are in place, eliminating potential delays. The site's proximity to I-75 (1.5 miles), a Publix supermarket (less than 1 mile), and major retail centers like Butler Plaza and Celebration Pointe (within a 5-minute drive) further enhances its appeal. The property is also adjacent to Oak Hammock, the University of Florida's retirement community, and a 15-acre nature preserve with walking trails, providing residents with a tranquil and desirable living environment. The total acreage available is 2.85 acres out of a 5-acre total, approved for up to 100 units. The asking price is $4,500,000, with potential for a joint venture opportunity. This is a rare chance to capitalize on a thriving market and build a successful, upscale residential community in a highly sought-after location. Alachua County location, zip code 32608.
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Emerson Gainesville Townhouse Complex
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
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