2.26 Acres Lot
2.26 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Billboard Site
Listing Status Active
Purchase Type For Sale
Subdivision Burritt Estates-In Napier Grant-E1/2
MLS Listing ID GC529548
HOA Y/N No
Annual Tax Amount $10,798
Lot Size 2.260 Acres
Acres 2.26
Lot Dimensions 426'x196'x421'x274'
Property Sub-Type Billboard Site
Source Stellar MLS
Property Description
The U7 zoning in the City of Gainesville offers a wide range of possibilities, making it attractive to different types of investors and developers. The permitted uses you mentioned (multifamily, commercial, QSR, hotels/motels, medical offices and many more uses) cover a broad spectrum of potential revenue-generating projects. 100+ units allowed by right for multifamily development in U7. Ideal location for an Extended Stay Hotel, QSR, Carwash, Affordable Housing/Student Housing, ALF, Adult Day Care Center, Rehab Center, Dialysis Center, Plasma Center, Medical Offices, Shopping Center etc.
The unique feature of having access roads at both the front and the back is a significant advantage. This could indeed facilitate better traffic flow and open up creative design options for any future development on the lot. The fact that it was previously approved for a Comfort Suites hotel in 2007 also indicates that the site has been considered suitable for hospitality purposes in the past.
Finally, the existing leased billboard structure provides an immediate stream of income, which is a definite plus for any potential buyer or developer.
If you have any specific questions about this property, such as potential valuation, zoning regulations in more detail, please feel free to ask!
Location
State FL
County Alachua
Community Burritt Estates-In Napier Grant-E1/2
Area 32608 - Gainesville
Zoning U7
Exterior
Utilities Available BB/HS Internet Available, Cable Available, Electricity Available, Fiber Optics, Natural Gas Available, Phone Available, Public, Sewer Available, Water Available
Building
Lot Description Buildable, City Limits, Urban
Lot Size Range 2 to less than 5
Sewer Public Sewer
Water Public
Others
Ownership Fee Simple
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/GC529548
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Sales Executive | License ID: SL3522272