15803 140th St Alachua, FL 32615-4419
- Flex space
- 16,775 SF
- 1.01 lot acres
Current Use by Public Records
- Flex space
Property Details for 15803 140th St
- Year built
- 1980
- Lot size
- 1.01 lot acres
- Property size
- 16,775 SF
- Zone code
- RMF-8
- Property type
- Flex space
- APN
- 03131-103-000
- APU
- 3131103000
Description
This exceptional 22,641 square foot light industrial building, situated on a 1.01-acre lot at 15803 NW 140 Street in Alachua, Florida, presents a unique investment opportunity. Conveniently located on SR 235/CR 241, it offers easy access to Alachua, Gainesville, and I-75, ensuring excellent connectivity. Previously envisioned for condo conversion, the property currently holds RMF-8 zoning, a result of a prior owner's plans. While the previous owner initiated a zoning change for condo development, the project was never completed, leaving the current zoning in place. The current owner had plans to rezone for light industrial use or community services, but these plans were not executed. This presents a blank canvas for a wide range of uses. The substantial size of 22,641 square feet, combined with its strategic location, unlocks virtually limitless potential for redevelopment or continued use as a light industrial space. The property's versatility and prime location make it an attractive proposition for discerning investors seeking a high-return investment with significant upside. The building's size and location offer a rare opportunity in the Alachua market. Serious inquiries are encouraged. The asking price is $499,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $195,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $170,000
- 6.5%
- $185,000
- 7%
- $180,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $155,000
- Geo Method
- $160,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $150,000
- Retail
- $150,000
- Mixed-Use
- $160,000
- Hospitality
- $175,000
- Educational
- $165,000
- Residential Income
- $165,000
- Energy
- $175,000
- Income-Based Land
- $175,000
- Food Service
- $165,000
Location Insight
- Map
- Local Demand
- City
- Alachua
- County
- Alachua
- State
- Florida
- Longitude
- -82.4938
- Latitude
- 29.8
- CBSA code
- 23540
- CBSA name
- GAINESVILLE, FL METROPOLITAN STATISTICAL AREA