4510 24Th Ave Gainesville, FL 32607

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.