Development opportunity! ZONED U6! The U6 zoning allows for several additional units to be placed on the same site. Highest & best use is a small MF apartment complex. Located just minutes from the University of Florida (0.3 miles), conveniently close to campus, local dining, shopping, and entertainment. Currently leased at $2,100/month offering immediate income potential. This delightful 3-bedroom, 1-bathroom home offers over 1,200 sqft of living space, screened-in porch and .17 acres with a fully fenced backyard. Also zoned for Retail, Office, Mixed Use and much more! Maximum building height is 60 Feet (74ft w/bonus). Residential density by right is 50 (60 w/bonus). This property allows for a variety of uses, providing incredible flexibility and future potential. It is also located in the Enterprise Zone, this is a delineated area in the City limits. The purpose is to promote development so credits are given to reduce some permitting fees. The home features a spacious layout with plenty of natural light, a cozy living area, and a functional kitchen. Whether you're looking for a primary residence, a rental property, or a future development opportunity, this home offers unbeatable value in a prime location. Don't miss your chance to own a piece of Gainesville real estate in a highly sought-after area!
| MLS#: | GC524625 |
| Price: | $525,000 |
| Square Footage: | 1240 |
| Price / Square Foot: | $423.39 |
| Bedrooms: | 3 |
| Bathrooms: | 1 Full |
| Acreage: | 0.17 |
| Year Built: | 1927 |
| HVAC: | Electric,Natural Gas, Central Air |
| Exterior Features: | Other |
| Elementary School: | Carolyn Beatrice Parker Elementary |
| Middle School: | Westwood Middle School-AL |
| High School: | Gainesville High School-AL |
| Virtual Tour: | Click here |
| Listing Courtesy Of: | BHHS FLORIDA REALTY - 352-225-4700 |
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