1113 NW 5TH AVENUE GAINESVILLE FL 32601 MLS #GC540950

Under contract-accepting backup offers. Outstanding infill development opportunity just five blocks from the University of Florida. This 0.14-acre vacant lot is located in one of Gainesville’s most active redevelopment corridors and is surrounded by several of the area’s premier student housing communities, placing it in the heart of a proven rental and investment market.

Zoned U-6 (Urban 6), the property offers significant flexibility for developers and investors seeking to capitalize on continued demand for housing and mixed-use development near campus. U-6 zoning permits a variety of residential, commercial, and mixed-use uses, with residential densities of up to 50 dwelling units per acre, allowing for efficient land utilization in a highly walkable urban environment.

With limited undeveloped land remaining near UF, opportunities to acquire well-located infill sites of this nature are becoming increasingly scarce. The property’s proximity to campus, major employment centers, retail, dining, and public transportation enhances its appeal for future residents and supports strong long-term market fundamentals.

Whether incorporated into a student housing strategy, boutique multifamily project, mixed-use concept, or long-term land investment, this parcel offers the location, zoning flexibility, and development potential that sophisticated investors seek. Rarely does a site this close to the University of Florida become available with such compelling redevelopment prospects.