3557 SW 19th Ave - Apartments FOR SALE


Gainesville, FL 32607- West Gainesville
$2,400,000 USD
678-898-2721
3557 SW 19th Ave, Gainesville, FL for Sale
$2,400,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

3557 SW 19th Ave
Gainesville, FL 32607
West Gainesville


HIGHLIGHTS

  • Adjacent to new 239 - unit student housing & 5 story garage
  • U-9 Zoning (multi family mixed use commercial)
  • 2 Blocks From UF

OVERVIEW

This site represents one of the last walkable redevelopment opportunities near the University of Florida. At 1.12 acres with flexible U-9 zoning, the property sits in the heart of Gainesville’s most proven multifamily market—one that continues to experience strong pre-leasing velocity, high absorption, and consistent rent growth. The immediate adjacency to a new 239-unit student housing development with a structured garage accelerates the area’s transformation into a modern student-living corridor. Developers benefit from the momentum: increased density, pedestrian activity, and infrastructure investment are already in motion. The parcel’s walkable location and zoning allow for vertical development, mixed-use, and high-density multifamily, making it ideal for purpose-built student housing, market-rate apartments, or a hybrid concept. With the existing 12-unit building producing income during predevelopment, the site offers both short-term stability and long-term value creation. For developers seeking a scalable, high-demand infill opportunity in a constrained supply market, 3557 SW 19th Ave delivers the location, zoning, and adjacency needed for a successful next-generation project.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$155 USD /SF

# OF UNITS

12

PRICE/UNIT

$200,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sherwood Apartment

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

PARKING SPACES

27

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,223 SF

ZONING

U9

APN/PARCEL ID

06702-003-004

ASK ABOUT THIS PROPERTY

Holly BoothColdwell Banker Commercial BenchmarkMore Info
678-898-2721

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Holly BoothColdwell Banker Commercial BenchmarkMore Info
678-898-2721

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