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Listed by
Bought with
Bought with
$3,750,000
Est. payment /mo
7,371 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Restaurant
Listing Status Active
Purchase Type For Sale
Square Footage 7,371 sqft
Price per Sqft $508
Subdivision Glen Spgs Road Sub N Gv
MLS Listing ID GC530530
HOA Y/N No
Year Built 1940
Annual Tax Amount $10,579
Lot Size 0.720 Acres
Acres 0.72
Property Sub-Type Restaurant
Source Stellar MLS
Property Description
Rare Development Opportunity at the Corner of NW 23rd Avenue & 6th Street. Unlock the potential of one of Gainesville's most coveted corners. Situated on the high-visibility intersection of NW 23rd Avenue and NW 6th Street, this U-6 zoned property offers a rare chance to develop up to 36 total units in a prime, centrally located area with heavy traffic and excellent accessibility. The property currently features a 2,160 sq. ft. restaurant building along with a 4,850 sq. ft. commercial structure, both in need of repair but ripe with income-producing potential through lease or redevelopment. The flexible U-6 zoning supports a wide range of commercial and multifamily uses, making this site ideal for investors, developers, or owner-operators looking to capitalize on Gainesville's growth. Whether you're envisioning a multi-unit residential project, development, or a revitalized commercial space, this location offers the visibility, zoning, and opportunity to bring your vision to life. Opportunities like this in the heart of Gainesville don't come often.
Location
State FL
County Alachua
Community Glen Spgs Road Sub N Gv
Area 32609 - Gainesville
Zoning U-6
Interior
Cooling Central Air
Exterior
Roof Type Shingle
Building
Lot Description Corner Lot, City Limits
Foundation Slab
Lot Size Range 1/2 to less than 1
Structure Type Cedar,Concrete
New Construction false
Others
Ownership Sole Proprietor
Special Listing Condition None
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