PRIME UNIVERSITY OF FLORIDA DEVELOPMENT OPPORTUNITY

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SP Multifamily Group of Marcus & Millichap is pleased to present qualified investors with the opportunity to acquire the Prime University of Florida Development Opportunity. The opportunity consists of two parcels along the highly trafficked SW 13th St (aka Archer Rd.) with 19,500 AADT. This development opportunity is ideally located across the street from the nationally ranked University of Florida Campus. Within minutes of the Departments of Biology, Psychology, Mechanical, Aerospace, Chemical, and Environmental Engineering, the School of Construction Management, and the College of Medicine. Furthermore, the development site is situated within blocks of UF Shands Hospital with over 10,000 employees. It is behind Sorority Row, housing many of the top national sorority organizations and within 4 minutes of Downtown Gainesville and the growing Midtown area. The Prime University of Florida Development Opportunity is currently zoned U9, allowing 6 habitable stories and over 120 beds. This opportunity resides in both an Enterprise and Opportunity Zone while also being located within a Community Reinvestment Area. The current owner operates one of the existing buildings as a short-term rental, and the other as 12-month student housing. However, a developer could retain current management to implement short-term rentals across both houses until demolition is approved to commence.

Property tours are by appointment only. Please contact one of the listing brokers below to schedule tours.

62
BUILDABLE UNITS

0.62 ACRES
LOT SIZE

1938/1946
YEAR BUILT

PRICED AT
MARKET BID

LAND DEVELOPMENT OPPORTUNITY

  • Property Addresses: 949 SW 13th Street, Gainesville, FL

  • NUMBER OF BUILDABLE UNITS: 62 Units

  • ALLOWABLE DENSITY: 100 Units Per Acre

  • LOT SIZE: 0.62 Acres +/-

  • FINANCING: Free and Clear

VALUE-ADD ASSET WITH PREMIER WALKABILITY

  • Ideal Location Next to University of Florida Campus (40,000+ Undergraduates) and UF Health Shands Hospital.

  • Existing Buildings Can Be Ran As Short-Term Rental Properties Before Development.

  • 0.62 +/- Acres of Land Poised for Redevelopment

  • Frontage on SW 13th Street and SW 9th Roads (Combined 20,000+ AADT)

  • Currently Zoned U9 Which Allows for Six Story Residential Construction

  • Ability to Construct 120+ Beds to Service the University of Florida Student Population

Locational Points of Interest

  • 1-Minute to University of Florida Campus (40,000 Undergraduates)

  • 1-Minute to Sorority Row

  • 3-Minutes to UF Health Shands Hospital

  • 4-Minutes to Downtown Gainesville

  • 4-Minutes to Midtown District

  • 7-Minutes to Ben Hill Griffin Stadium

University of Florida/Gainesville

  • #2 Best Values in Public Colleges (Kiplingers)

  • #3 Best Buy Colleges, Public (Fiske Guide to Colleges)

  • #3 Best Places for Career Opportunities in the COVID-19 Recession (Smart Assets)

  • #7 Top 10 College Towns to Start a Business (tolfreeforwarding.com

  • #13 20 Best Places to Live in Florida (Money Inc.)

DEAL TEAM CONTACTS

Benjamin Skinner
Associate Director | Senior Investment Associate
O. (407) 557-3889
Benjamin.Skinner@marcusmillichap.com

Matthew Prozzillo
Associate Director | Senior Investment Associate
O. (407) 557-3888
Matthew.Prozzillo@marcusmillichap.com

Jhamil Moore
Investment Associate
O. (407) 557-3830
Jhamil.Moore@marcusmillichap.com

Contact an Agent Listed Above to Schedule Property Tours