238 W University AVENUE
Gainesville, FL 32601

$6,000,000 Under Contract

2.51 acres of prime downtown real estate located on West University Ave. Land has been cleared of all buildings. Land use is Urban Mixed High Intensity (UMUH). Zoning Downtown which allows for 12 stories (172 ft) Height is limited to 3 stories along NW 2nd Ave. within 100 ft of the Pleasant Street historic district. Permitted uses: 40 different uses including hotels, apartments, retail, offices, research and development labs as well as personal/business services. Density allowed: 100 units per acre by right, 125 units with special use permit. A parcel of this size in downtown Gainesville is very difficult to find and would probably result from combining several parcels. LOCATED IN OPPORTUNITY ZONE! OWNER FINANCING AVAILABLE. Located 1 block from Santa Fe College Downtown campus currently under construction (86,300 s/f) 100 parking spaces available in nearby parking garage!

Basic Information
MLS#: 437953
Price: $6,000,000
Square Footage: 1
Price / Square Foot: $6,000,000.00
Acreage: 2.51
Property Type: Commercial

by Savvy & Company LLC