119 NW 11TH STREET GAINESVILLE FL 32601 MLS #GC524625

Development opportunity! ZONED U6! The U6 zoning allows for several additional units to be placed on the same site. Highest & best use is a small MF apartment complex. Located just minutes from the University of Florida (0.3 miles), conveniently close to campus, local dining, shopping, and entertainment. Currently leased at $2,100/month offering immediate income potential. This delightful 3-bedroom, 1-bathroom home offers over 1,200 sqft of living space, screened-in porch and .17 acres with a fully fenced backyard. Also zoned for Retail, Office, Mixed Use and much more! Maximum building height is 60 Feet (74ft w/bonus). Residential density by right is 50 (60 w/bonus). This property allows for a variety of uses, providing incredible flexibility and future potential. It is also located in the Enterprise Zone, this is a delineated area in the City limits that’s purpose is to promote development so credits are given to reduce some permitting fees. The home features a spacious layout with plenty of natural light, a cozy living area, and a functional kitchen. Whether you’re looking for a primary residence, a rental property, or a future development opportunity, this home offers unbeatable value in a prime location. Don’t miss your chance to own a piece of Gainesville real estate in a highly sought-after area!