2605 8Th Ave Gainesville, FL 32641
This exceptional 13.06-acre vacant land parcel presents a remarkable opportunity for multi-family development. Strategically located at 2605 NE 8th Avenue in Gainesville, Florida (zip code 32641), this property is situated within a Florida Housing Finance Corporation-qualified census tract, offering potential advantages for specific development projects. The land is zoned to accommodate both multi-family and single-family residential construction. City of Gainesville zoning regulations permit the construction of up to 130 units, based on a density of 10 units per acre. This prime location offers convenient access to a range of amenities, including nearby schools, parks, a Walmart Supercenter, and essential medical services. The property's size and zoning make it an ideal canvas for a significant residential development project, catering to the growing housing demands of the Gainesville area. The asking price for this exceptional development opportunity is $650,000. Detailed zoning information and development guidelines are readily available upon request. This is a rare opportunity to acquire a substantial land parcel in a desirable location with significant development potential.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.