15803 140th St Alachua, FL 32615-4419
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
RMF-8 · Alachua, FLAlachua. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.