2286 SE Hawthorne Rd - Hawthorne Development Project 9.58 Acres of Commercial Land Offered at $5,500,000 in Gainesville, FL 32641

Value add investors and developers, this is one of the largest infill redevelopment opportunities currently available in the city of Gainesville. This offering represents a unique redevelopment opportunity. The property consists of an existing 47,700 square foot retail shopping center situated on just over 9 acres. Not only is the shopping center primed for re-tenanting, the parcel's zoning permits for the construction of 500+ residential apartments creating a mixed use opportunity. Low per unit land cost for a site of this size equates to approximately $25,000 per residential unit assuming full multifamily build out under the existing zoning.
The U8 zoning supports a mix of uses including residential, commercial, retail, office development, indoor storage facility, and a grocery store for endless possibilities of long term income production.
Scale plus zoning flexibility, this property is a redevelopment canvas. Significant land area supports development. Existing parking and infrastructure already in place. City officials are highly motivated to see the site revitalized.