3 concrete blk duplexes, Log Cabin & barn-7.58 acres

Contact: Bruce McIntosh

Phone: 352-816-5351
 

$499,000

Price: $499,000

Location

6330 SW 13th St.Gainesville,32608 - Gainesville, Florida Hwy 441 S.

Listing Details

  • Available for:: For Sale
  • Building/Leased Area (sq ft): 8500
  • Listed: 2018-06-11 12:38 pm

ATTN: Developers
Offering 7.58 acres with 443 feet of footage on S 441. & about 890 feet deep. Property has 3 solid duplexes w/CB construction. Each unit shares a screened in porch with it’s neighbor. The 6 apartments have appliances, screens on all the windows and ceiling fans throughout. These 3 bldgs. fully rented will bring about $4000.00 per Mo. with an existing 400 sq. ft. add on destined to be a possible future studio efficiency apt. The duplexes were recently fully occupied–6 tenants. Now, as of 06/10/2018 I have one vacancy to fill.
There’s also a very attractive log cabin with a light retail commercial zoning, 1000 sf, built in 1948. The log cabin needs some repairs & restoration, but having a commercial zoning on Hwy 441 in Gainesville; could easily bring in $1600.00 per Mo. to rent especially with the big shed out back. The Log Cabin has it’s own bathroom, kitchen & bedroom, and plenty of parking space all around the cabin.

The property also has a 3300 sq. ft. wood framed warehouse/workshop/barn with cement floor. The rent from the residentials & log cabin could certainly make this warehouse and/or log cabin an inexpensive home for your business; or maybe you could rent the barn all or half out as well. We are talking about potentially over $80,000.00 per year income to rent it all out. Or maybe you would want to live in one of the units as well ??

It is my understanding that a rental property could be worth as much as 8 times the annual income.
All of the bldgs. take up about 1.5 acres of land including a bit of property around each bldg. That leaves about 6 more acres of land with mostly wooded areas & trails and many magnificent, ancient oak and palm trees. Perfect for Motorhomes/RV’s from out of town when the Gators have their home games. I may consider looking into whether the back woods could be an RV primitive campground. Property is in Gainesville, Florida about 3 1/2 miles from University of Florida & it sits directly on S. HWY 441 with about 443 ft of commercial highway frontage and is about 890 ft deep into the woods.

I don’t know the accurate value of acreage in Gainesville anymore. I remember in the hype years it was about $100,000.00 per acre. It seemed to settle back realistically to maybe $30,000.00 per acre. I have driven all the way to University Ave. spotting only one 3 1/2 acre property for sale. So I don’t really know the value of the remainder 6 unused acres of this 7.58 acre piece of property. But with a mixed commercial Light Retail & Residential Zoning both, this entire property could potentially be worth near 3/4 million dollars down the road. As they have been building in Gainesville, they are running out of land above Paynes Prairie.

I am offering this entire investment property For Sale by owner for $499,000.00 “AS IS” cash. Also at this point in time, there is no Real Estate agent commission involved. This could be your future business location. ****Important: Shown by appointment only.

Contact: Bruce McIntosh

Phone: 352-816-5351

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Listing ID: 2235b1d662d615f4