7816 Archer Rd Gainesville, FL 32608
This exceptional 8.04-acre parcel in Gainesville, Florida (Alachua County, zip code 32608), presents a remarkable investment opportunity. Located at 7816 SW Archer Rd, this property boasts over 570 feet of frontage on a major thoroughfare with an average daily traffic count of 21,000 vehicles. It has already been successfully rezoned to R-1B and has received preliminary development plan approval for 58 townhome units, making it ideal for immediate development. The site benefits from its strategic location between Tower Road and Haile, offering convenient access to I-75, the University of Florida, and the Haile Plantation community. Furthermore, its proximity to a new UF Health ER clinic and a Publix-anchored shopping center with various retailers and restaurants enhances its appeal and potential for high returns. The future land use designation is medium-density residential, yet the property is adjacent to medium/high-density multi-family zoning, suggesting strong potential for future growth and development. This area is known for its high household incomes, making it an attractive location for residential development. The property is privately owned.
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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