238 W University Avenue
Gainesville, FL 32601

$7,500,000

Description

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.

Details

MLS#422594
TypeIQWeb_Land -Multi-Family Acreage
Sub-TypeResale
StatusActive
Days On Site88

Features

SQ Feet1
Story(s)1
ZoningUMU-2

Market Activity 32601

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Area Information

StateFL
CountyAlachua
CityGainesville
Zip Code32601
Listing VS Median (in 32601)
Price:
$7,500,000
low | high
Med:
$4,979
100% of Average
SqFt:
1
low | high
Med:
4,487
100% of Average
$ / SqFt:
$7,500,000
low | high
Med:
$1
100% of Average
On Site:
88
low | high
Med:
477
18.448637316562% of Average
Listing Updated: 05/23/2019
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