210 15Th StGainesville, FL 32603

Property Details for 210 15Th St

Lot size

0.19 AC

Property type

Residential income properties

Property subtype

Other land

Description

This exceptional 0.19-acre parcel in Gainesville, Florida, presents a rare opportunity for a lucrative multifamily development. Located just two blocks from the University of Florida, this fully permitted and "shovel-ready" site is ideally positioned to capitalize on the high demand for student housing. The property's zoning allows for the construction of a 36-unit apartment complex, featuring a mix of 33 one-bedroom and 3 two-bedroom units, ensuring high occupancy rates. The strategic location directly across from the business school and libraries, and a short walk from Ben Hill Griffin Stadium and the O'Connell Center, guarantees strong rental demand. On-site parking provides an additional revenue stream. Given the University of Florida's prestigious status and affluent student population, near 100% occupancy is virtually assured. This infill development project offers an unparalleled investment opportunity in a thriving market. The property's APN is TP-14881-000-000 and is zoned Urban 5. The asking price is $2,100,000. This is a truly exceptional opportunity for a small, high-return multifamily development project.

Location Insight

City

Gainesville

County

Alachua

State

Florida

Latitude

29.6537

Longitude

-82.342

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