Property profile

0 Hawthorne Rd Gainesville, FL 32641

OFF-MARKET
Land
5.69 ac lot
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Property summary

AI-generated overview

This exceptional 5.69-acre vacant land parcel presents a compelling investment opportunity in Gainesville, Florida, located on SE Hawthorne Road, zip code 32641. The property is situated in a qualified census tract for Florida Housing Finance Corporation programs, offering potential access to advantageous financing options. Zoned to allow up to eight units per acre, this land boasts significant development potential. However, under Alachua County's Cottage Neighborhood Ordinance, the density could potentially double to sixteen units per acre if residential units are 1400 square feet or less. The zoning allows for a diverse range of uses, including residential development, a place of religious assembly, school, daycare, group home facilities, offices, or a combination of residential and non-residential uses. This presents flexibility for various development scenarios. Adding to its appeal, there's a possibility of acquiring an adjacent 20-acre parcel with identical zoning, expanding the overall development potential significantly. This property offers a unique blend of location, zoning flexibility, and potential for substantial growth, making it an attractive proposition for discerning investors and developers. The property's coordinates are 29.6057772 latitude and -82.2205522 longitude.

Property profile

Verified
Property type Land
Lot 5.69 ac (247,856 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Hawthorne Rd Gainesville, FL 32641
Gainesville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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