Address
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Address: 1618 NW 4TH AVENUE
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City: GAINESVILLE
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State/county: FL
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Zip/Postal Code: 32603
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Area: N/A
Description
Zoned Multi-Family High Density (U-5), this site offers a rare infill development opportunity with direct access off University Avenue between NW 15th Street and NW 17th Street. The site currently operates as a fully leased triplex, providing immediate in-place cash flow while an investor evaluates redevelopment or densification options. The configuration of the parcel provides potential for a clean lot split, offering flexibility for phased construction or multiple development outcomes. Located just four blocks from the University of Florida’s main campus—and only minutes from Ben Hill Griffin Stadium—this location sits at the core of student demand and walkability. The land is level, functional, and ready for new construction, making it ideally suited for high-density multifamily or student housing expansion. Seller has a strong preference for owner financing, creating an attractive structure for investors seeking flexible terms and reduced upfront capital requirements. Exceptional development potential this close to campus is increasingly scarce, and opportunities like this rarely reach the market.
Details
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Property ID GC535993
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Price $749,000.00
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Land Area 0.29 sqft
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Bedrooms 4
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Bathrooms 3
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Garage Size x x
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Year Built 1949
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Type Triplex, Residential Income
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Property Status Active, For Sale
Additional details
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Listing Terms Owner Financing
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Roof Shingle
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Utilities Public
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Sewer Septic Tank
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Cooling Other
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Heating Other
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County Alachua
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Property Type Residential Income
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