$699,000
Pending · 123 days on market · MLS# MFRGC535993
| Bedrooms | 4 |
|---|---|
| Living area | 1,616 sq ft |
| Lot size | 0.29 acres |
| Year built | 1949 |
| Property type | Triplex |
| Private pool | Yes |
| Waterfront | Yes |
| Annual taxes | $9,416 |
| County | Alachua |
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.
Listing courtesy of Benjamin Burkley, MAISON. Presented by MC Homes Realty Inc · 727432218.