12628 150Th Ave Alachua, FL 32615
This exceptional 25-acre agricultural parcel in Alachua County, Florida, presents a unique investment opportunity. Currently undergoing rezoning to RSF-4, this land boasts significant development potential. An approved conceptual drawing from 2005 outlines a plan for a low-density residential development of 80 homes. The property's strategic location offers easy access to key amenities and infrastructure. Situated along a paved road on its southern boundary, it benefits from readily available city water, sewer, and fire hydrants. The City of Alachua provides a desirable lifestyle with nearby Interstate I-75, Highway 441, public schools, grocery stores, Lowe's, medical facilities, restaurants, and the expansive 105-acre Legacy Park. Furthermore, the property's proximity to High Springs to the north and Gainesville to the south, home to the University of Florida and renowned hospitals, enhances its appeal. The asking price for this prime land is $865,000, offering a compelling investment prospect in a rapidly growing area. The zip code is 32615.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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