Land - Real Estate in Gainesville
Listing Price: $1,249,900
Description of Property
This sounds like a very promising piece of real estate in a highly desirable location! The proximity to the University of Florida and UF Health facilities significantly increases its value and potential for various developments. The U7 zoning in the City of Gainesville offers a wide range of possibilities, making it attractive to different types of investors and developers. The permitted uses you mentioned (multifamily, commercial, QSR, hotels/motels, medical offices and many more uses) cover a broad spectrum of potential revenue-generating projects. 100+ units allowed by right for multifamily development in U7. Ideal location for an Extended Stay Hotel, QSR, Carwash, Affordable Housing/Student Housing, ALF, Adult Day Care Center, Rehab Center, Dialysis Center, Plasma Center, Medical Offices, Shopping Center etc. The unique feature of having access roads at both the front and the back is a significant advantage. This could indeed facilitate better traffic flow and open up creative design options for any future development on the lot. The fact that it was previously approved for a Comfort Suites hotel in 2007 also indicates that the site has been considered suitable for hospitality purposes in the past. Finally, the existing leased billboard structure provides an immediate stream of income, which is a definite plus for any potential buyer or developer. If you have any specific questions about this property, such as potential valuation, zoning regulations in more detail, please feel free to ask!
Property Details At A Glance
Property Type: Land
City: Gainesville
County: Alachua
Subdivision: Burritt Estates-in Napier Grant-e1/2
Annual Tax: $10,799
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
Sewer: Public Sewer
Water Source: Public
Lot Information
Lot Features: Urban
Lot Size (acres): 2.26
Lot Size (sq. ft.): 98,446 square feet
Lot Dimensions: 426' x 196' x 421' x 274'
Road Frontage: State Road
Front Exposure: East
Legal Description & Other Information
Parcel Number: 07251019000
Zoning: U7
Tax Legal Desc.: NAPIER GRT DB I-591 COM SW COR LOT 9 BURRITT ESTATES PB E-2 SLY ALONG E R/W SW 15TH ST 453.3 FT TO POB SLY ALONG SAID ELY R/W 300 FT E 271 FT TO INT W R/W US 441 NLY ALONG SAID W R/W 306.01 FT W 329.06 FT TO POB LESS R/W OR 3451/0966 ALSO BURRITT EST ATES PB E-2 N 120.2 FT LOT 18 LESS E 53 FT R/W) OR 3637/0746
Range: 19
Listing courtesy of PEPINE REALTY. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
