16± acres of fully entitled and approved multifamily land. This land tract comes with a full set of architectural/construction documents for 352 units. Located in the SE Quadrant of NW 39th Avenue and I-75, this is a perfect location with easy access to one of Gainesville's main east-west corridors.
Entitled Multifamily Site
The subject property is 16± acres in the SE Quadrant of I-75 and NW 39th Avenue in Gainesville, Florida in the County of Alachua. The property has been entitled and approved for High-Density Multifamily development and comes with a complete set of architectural and structural plans. The site plan is for a twelve building, 352 units (624 beds) that include a clubhouse, an integrated fitness building and pool.
Surrounded by shopping, healthcare, banking, restaurants and schools, this location is prime for multifamily living and the convenience of all that the area has to offer. This parcel has easy access to I-75 and NW 39th Avenue – a main east-west corridor to all points across Gainesville, Florida.
Located a mere one-half mile from Santa Fe College, this college has approximately 14,000 student that can provide an immediate tenant base that is readily available for this development. UF Health Springhill campus and emergency facility is also within a one-mile radius of this location. Home to the University of Florida, the third-largest public university campus by enrollment in the United States, Gainesville is a hub of activity and growth in North Central Florida with an estimated 360,000± residents and growing year over year.
Tax Parcel: Portions of #06233-001-001, #06233-010-011 and #06233-010-010.
Priced at $22,500/unit. Total price is $7,920,000.
