Multi-family development site located in a Florida Housing Finance Corp. qualified census tract. The property is zoned for multi-family and single family development. The City of Gainesville zoning allows 130 units (10 units per acre by right) on the property. The property is located near schools, parks, Walmart and medical services.
Discover your next project in Gainesville, Florida, where this property offers not only a peaceful retreat but also a fantastic investment opportunity. Priced to sell, this fixer-upper is an ideal choice for those looking to craft their dream space or dive into a rewarding project. Located on a spacious 1.30-acre lot, the property allows for the addition of another building, up to 1700 sqft. This is a perfect setup to live in one home while renting out the other, making it an exceptional deal. Imagine the possibilities: expand your living space, create a rental unit, or even build a dedicated workspace. Significant updates have already been made to the home, including a new roof and recent upgrades to the electrical system and flooring, setting the stage for further customization. While the property requires a new well and septic system, these enhancements will significantly increase its value and functionality. The home's layout includes several rooms awaiting final touches, particularly the bathrooms, which are primed to become luxurious retreats. With some creativity and effort, this property can be transformed into a stunning residential haven. Don't miss out on this unique opportunity to own a versatile property that offers both personal and financial benefits. Act quickly to secure this incredible find at a competitive price, and start realizing the potential of this Gainesville gem.
Incredible Opportunity to own one of the last developable tracts in Gainesville. Current zoning allows up to 8 DU/AC.
This property is located right off Waldo Road approximately 100 yards from the intersection of Waldo Road and University Aveue, and Walgreens. The property has City of Gainesville U-7 mixed use zoning. The U-7 zoning allows business/retail, office and multi-family developments. The zoning on the property allows 50 units per acre and 4 stories by right and 60 units per acre and 6 stories by Special Use Permit. The property is located next to the Rails to Trails Greenway that connect the City of Gaineville to the City of Hawthorne. Within the last 18 months the area has added a WAWA and a Waffle House as new developments.
The median home value in Gainesville, FL is $271,700. This is lower than the county median home value of $282,200. The national median home value is $338,100. The average price of homes sold in Gainesville, FL is $271,700. Approximately 33.52% of Gainesville homes are owned, compared to 50.95% rented, while 15.53% are vacant. Gainesville real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Gainesville real estate agent to arrange a tour today!
Gainesville, Florida 32641 has a population of 138,741. Gainesville 32641 is less family-centric than the surrounding county with 24.78% of the households containing married families with children. The county average for households married with children is 27.25%.
The median household income in Gainesville, Florida 32641 is $40,937. The median household income for the surrounding county is $53,314 compared to the national median of $69,021. The median age of people living in Gainesville 32641 is 26.8 years.
The average high temperature in July is 91.5 degrees, with an average low temperature in January of 41.3 degrees. The average rainfall is approximately 50.2 inches per year, with 0 inches of snow per year.