5 Parcel Assemblage Near Downtown Gainesville, FL

For Sale

503 NE 4th Avenue, Gainesville, FL 32601

This Gainesville property for sale is located at 503 NE 4th Avenue. The current listed sale price for 5 Parcel Assemblage Near Downtown Gainesville, FL is $1,700,000. 5 Parcel Assemblage Near Downtown Gainesville, FL is situated on a lot that is 1.4 acre in size.

Contacts

Brent Line

Lee & Associates Gainesville

Property Details

  • Property Type Multi-Family
  • Property Size 6,014 SF
  • Units 6
  • Lot Size 1.4 Acre
  • Property Tenancy Multi-Tenant
  • Date Updated Aug 14, 2026
Multi-parcel portfolio in Gainesville at NE 4th Ave/NE 5th St (U2 zoning) near Downtown Gainesville, FloridaExceptional opportunity to acquire a five-parcel assemblage totaling approximately 1.4± acres in Gainesville, Florida. The portfolio includes two income-producing properties — a quadraplex and a duplex — providing approximately 6 rental units and 6,014± SF of building area with tenants currently in place. Three vacant commercial parcels are included, amplifying the overall redevelopment potential of the site. Strategically located near Downtown Gainesville, this assemblage is a compelling redevelopment play for multifamily developers and value-add investors looking to capitalize on the city's growing housing demand. Zoned U2, the portfolio supports flexible development scenarios including new multifamily construction, mixed-use redevelopment, or expansion of the existing rental portfolio. With all parcels under single ownership, acquisition is streamlined and ready for a visionary next owner.
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Highlights

  • 5-parcel assemblage totaling 1.4± acres in Gainesville, FL
  • 6,014± SF total building area across two improved parcels (quadraplex& duplex)
  • Highest and best use: new multifamily construction or full site redevelopment
  • Immediate cash flow with 6 rental units and tenants currently in place
  • Offered at $1,700,000 all parcels conveyed under single ownership
  • Strategically located near Downtown Gainesville
  • Three vacant parcels provide significant redevelopment upside
  • Zoned U2 positioned for multifamily or mixed-use redevelopment

Attachments

Getting around

  • 82/100

    Walk Score ®

  • 97/100

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Location

  • City Gainesville, FL
  • Neighborhood Duckpond - Highland Court Manor
  • Zip Code 32601
  • Market North Central Florida

Points of Interest

  • Wawa

    0.53 miles

  • Sunoco

    0.69 miles

  • Refresh

    0.94 miles

  • Kangaroo Express

    0.98 miles

  • GATE

    1.16 miles

  • Citgo

    1.38 miles

  • Marathon

    1.42 miles

  • ChargePoint

    1.78 miles

  • Shell

    2.57 miles

  • Facilities Services Motor Pool

    2.94 miles

  • Lot 10

    0.43 miles

  • Ayers Plaza Parking lot

    0.74 miles

  • Ayers Plaza Overflow Parking

    0.89 miles

  • Norman Garage

    1.19 miles

  • Norman Field Lot Parking

    1.22 miles

  • Tigert Hall Parking

    1.26 miles

  • Yulee Reid Parking

    1.27 miles

  • Fine Arts C Parking

    1.29 miles

  • Cypress Parking

    1.30 miles

  • Housing Orange Parking

    1.35 miles

  • Sweetwater Branch Inn

    0.24 miles

  • Hampton Inn & Suites Gainesville-Downtown

    0.32 miles

  • Hyatt Place Gainesville Downtown

    0.39 miles

  • Gainesville Lodge

    0.54 miles

  • Holiday Inn Gainesville University Center

    1.09 miles

  • AC Hotel

    1.16 miles

  • Reitz Union Hotel

    1.72 miles

  • Shands Guest House

    1.73 miles

  • Days Inn by Wyndham Gainesville University

    1.77 miles

  • Home2 Suites

    1.91 miles

  • Chun Ching Supermarket

    0.64 miles

  • Publix

    0.71 miles

  • Winn-Dixie

    1.29 miles

  • Walmart Supercenter

    1.34 miles

  • Ward's Supermarket

    1.42 miles

  • Burlington

    1.82 miles

  • ALDI

    2.53 miles

  • Kohl's

    3.82 miles

  • Ross

    4.15 miles

  • Target

    4.43 miles

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