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3643 E University Ave - 3 Parcels on E University Avenue 11.18 Acres of Residential Land Offered at $1,395,000 in Gainesville, FL 32641

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Investment Highlights

MULTI FAMILY LAND NEAR UNIVERSITY OF FLORIDA
ON MAIN DIVIDED HIGHWAY

11.18 ACRES - +/-134 CONDOS

Executive Summary

Very Good location on divided highway not far from University of Florida.
Multi family zoned land in good location is being sold for $16,000-$18,000 per unit with water & sewer to the site.
Therefore, 134 units @ $16,000 is $2,144,000. Water connection cost will be nominal. Sewer however is estimated at $400K
Therefore the sales price and sewer cost is $1,795,000.($13,395 per unit)

MAIN FLYER 10 29 24

Gainesville Layout Town Homes

Property Facts

Price	$1,395,000	Property Subtype	Residential
Sale Type	Investment or Owner User	Proposed Use	Multifamily Single Family Development
No. Lots	1	Total Lot Size	11.18 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RMF5 - Residential Multi-Family

Price	$1,395,000
Sale Type	Investment or Owner User
No. Lots	1
Property Type	Land
Property Subtype	Residential
Proposed Use	Multifamily Single Family Development
Total Lot Size	11.18 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RMF5 - Residential Multi-Family

1 Lot Available

Lot

Price	$1,395,000	Lot Size	11.18 AC
Price Per AC	$124,776.39

Price	$1,395,000
Price Per AC	$124,776.39
Lot Size	11.18 AC

11.18 Acres Zoned Multi Family. Water Connection is nearby. Sewer is not. Engineer estimates +/- 134 Condo Units can be developed. HOWEVER, zoning is RMF 5 which is 12 units per acre,

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Property Taxes

Parcel Numbers	Multiple 10891-001-000 10891-000-000 10892-000-000	Improvements Assessment	$0
Land Assessment	$101,640	Total Assessment	$101,640

Property Taxes

Parcel Numbers

Multiple

10891-001-000
10891-000-000
10892-000-000

Land Assessment

$101,640

Improvements Assessment

Total Assessment

$101,640

(352) 230-6006

Contacts

Robert Gonzalez
Harry Champ
Marty & Huggins Realty

Listing ID: 36228594
Date on Market: 6/12/2025
Last Updated:
Address: 3643 E University Ave, Gainesville, FL 32641

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