Take advantage of this opportunity to invest in the oncoming revitalization of Gainesville's downtown area neighborhoods! This charming 1935 built home with original wood floors and high ceilings sits on almost a 1/2 acre of U3 zoned real estate, allowing for expanded multi family housing and development. Bed and Breakfast and other multi family residential uses are permitted. The location is also great for short term rentals such as Airbnb and is just a step away from city bus lines. Two adjacent parcels are also available for purchase. This is one of three homes available for purchase, each with lot adjoining to the rear. All three properties combined total almost one full acre. *See virtual tour for additional details!