Property Description

Seize this prime investment opportunity in the desirable Grove Street neighborhood. This vacant lot measures approximately 54 feet wide (fronting 14th Ave) by 140 feet long (along Pleasant St), offering ample space for development. The updated zoning allows for a primary residence with an 850 square foot attached unit, plus an additional detached unit—providing various rental opportunities or the option to create a generational living compound. You might also consider a potential lot split to further maximize utility and value. With new sewer and water connections already in place along 14th Ave, the lot is almost construction-ready. This location is ideal for attracting tenants or establishing a versatile multi-member living environment. It's conveniently near the University of Florida, popular dining spots, retail outlets, and the lively Monday farmer's market at Cypress and Grove. Residents will enjoy nearby bike trails and public parks, while the proximity to Depot Park, the Hippodrome, and downtown Gainesville’s cultural attractions adds further appeal. This ready-to-develop parcel is perfect for developers or investors seeking strong rental income or those looking to create a flexible living arrangement in a vibrant and growing community. Buyers and their agents are advised to conduct their own due diligence and verify all information to their own satisfaction and requirements.

Property Details