2286-2308 SE Hawthorne Rd - Retail FOR SALE


Gainesville, FL 32641
$5,500,000 USD
954-605-4176
2286-2308 SE Hawthorne Rd, Gainesville, FL for Sale
$5,500,000 USD
Retail - FOR SALE
1/14
null | Request Cap Rate

2286-2308 SE Hawthorne Rd
Gainesville, FL 32641


OVERVIEW

Value add investors and developers, this is one of the largest infill redevelopment opportunities currently available in the city of Gainesville. This offering represents a unique redevelopment opportunity. The property consists of an existing 47,700 square foot retail shopping center situated on just over 9 acres. Not only is the shopping center primed for re-tenanting, the parcel's zoning permits for the construction of 500+ residential apartments creating a mixed use opportunity. Low per unit land cost for a site of this size equates to approximately $25,000 per residential unit assuming full multifamily build out under the existing zoning. The U8 zoning supports a mix of uses including residential, commercial, retail, office development, indoor storage facility, and a grocery store for endless possibilities of long term income production. Scale plus zoning flexibility, this property is a redevelopment canvas. Significant land area supports development. Existing parking and infrastructure already in place. City officials are highly motivated to see the site revitalized.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$108 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hawthorne Center

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

200

LAND DETAILS

LAND ACRES

9.58 AC

LAND SF

417,305 SF

ZONING

U8

APN/PARCEL ID

11289-000-000

ASK ABOUT THIS PROPERTY

Kim DonatoTransworld Realty Services IncMore Info
954-605-4176

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Kim DonatoTransworld Realty Services IncMore Info
954-605-4176

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.