827 56th Ter Gainesville, FL 32605-6461
This exceptional 0.5-acre commercial lot in Gainesville, Florida, presents a remarkable investment opportunity. Located at 827 NW 56th Terrace within the well-maintained Park Avenue Office Park, this property boasts 120 feet of road frontage on NW 56th Terrace, offering excellent visibility and accessibility. The lot is zoned PD, allowing for the construction of a single-tenant or multi-tenant office building, ideal for owner-occupancy or investment purposes. Its strategic location provides unparalleled convenience, with less than a mile to I-75, two miles to the University of Florida, and a short 20-minute drive to Gainesville Regional Airport. The property's proximity to North Florida Regional Hospital and Oaks Mall ensures high traffic volume and strong potential for tenant occupancy. NW 56th Terrace, situated within Park Avenue Office Park, benefits from Newberry Road's high daily traffic count of over 51,000 vehicles. The attractive landscaping of the office park enhances the overall appeal and desirability of this exceptional property. This is a rare opportunity to acquire a highly desirable commercial lot in a thriving Gainesville location. Don't miss out on this chance to build your dream office space or secure a lucrative investment. The asking price is $155,000. The property is located in Alachua County, Florida, zip code 32605.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
PD · Gainesville, FLGainesville. 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.