0.42 AC Rare Development Opportunity Near UF/Downtown

Investment Overview

Positioned just blocks from downtown Gainesville and approximately one mile from the University of Florida, this two-parcel, 0.42± acre site offers a rare opportunity to create a higher-density project in the urban core. Zoned U6 (Urban 6), the property allows up to 50 units per acre by right and supports multifamily, student housing, mixed-use, and other commercial development. A conceptual highest-and-best-use plan identifies potential for 21 units and up to 58 bedrooms, subject to site planning and applicable approvals. The location puts future residents within easy reach of downtown restaurants, bars, local breweries, and cultural destinations, including the Hippodrome State Theatre and Heartwood Soundstage. Depot Park, with its trails, lake, and community events, adds nearby outdoor recreation, while transit, employment centers, and retail are also accessible. With flexible zoning and proximity to both downtown and UF, the property offers developers the chance to create a distinctive urban project in one of Gainesville’s most active areas.

Investment Highlights

• Two adjoining parcels totaling 0.42± acres
• U6 zoning allows up to 50 units per acre by right
• Conceptual plan for 21 units and up to 58 bedrooms
• Potential for multifamily, student housing, or mixed use
• Blocks from downtown and about one mile from UF
• Near Depot Park, dining, arts, and entertainment