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Improved Mixed-Use Land for Sale in Gainesville, Florida

824 E University Ave, Gainesville, FL 32601

$2,200,000
1.6 acres
Active sale
ago
Est $11,755/mo

University Village is a premier 12-unit mixed-use investment opportunity in Gainesville’s Historic Duckpond neighborhood, situated on 1.6 acres just five minutes from the University of Florida.

Offered at $2.2 million, the property features flexible mixed-use zoning allows for up to 29 units across the assemblage, with surplus land supporting meaningful future infill expansion.

Positioned on a signalized corner with approximately 200 feet of frontage along University Avenue, the property offers exceptional visibility and access.

The asset features 11 well-maintained residential units and a professionally finished 1,807-square-foot commercial office building, delivering stable in-place cash flow while preserving additional undeveloped acreage for future expansion.

With seller financing available to qualified buyers, the combination of existing income and future density potential makes University Village one of the most compelling investment opportunities in the Gainesville market. Total heated Sq ft of all structures: 12,008 ($183 per Sq Ft. @ asking price) Addresses, Unit mix, & Tax Parcels as follows: 834 E UNIVERSITY AVE (front) vacant office 2/1. (Back/Studio) 1/1 ,Parcel# 11949-000-000 824 E UNIVERSITY AVE Unit A (Front) 2/1, Unit B (Back) 1/1, Unit C (upstairs) 4/1. Back Quadplex all units 1/1, Parcel#: 11948-000-000, 100 NE 9TH ST Unit (A) 3/1, Unit (B) 3/1, Parcel#: 11947-000-000 108 NE 9th ST. 3/2. Parcel#:11944-000-000

12,008
Sq feet
19
Beds
12
Full baths
1947
Built

Location

Street address
824 E University Ave
Community
Gainesville Doig & Robertson Add
Elevation
166 feet
Coordinates
29.6524, -82.3153

Directions

NE corner of E University Ave and NE 9th Street

Property details

Acreage
1.6 acres
Zoning
MU1
MLS #
MFRMLS GC538545
Posted

Property taxes

2025
$14,436

Parcels

  • 11948-000-000

Legal description

Resources

Details and features

Listing

Type
Residential
Subtype
Single Family Residence

Exterior

Fencing
Fenced
Structures
Storage
Features
Balcony, Courtyard, Fencing, Lighting, Sidewalk

Structure

Heating
Fireplace(s), Heat Pump, Natural Gas
Cooling
Central Air
Materials
Frame
Roof
Shingle

Interior

Room Count
4
Rooms
Bathroom x 5, Bedroom x 5, Kitchen, Living Room
Flooring
Tile, Wood
Fireplaces
Yes
Appliances
Range
Features
Cathedral Ceiling(s), Ceiling Fans(s), Crown Molding, In Wall Pest System, Primary Bedroom Main Floor, Thermostat, Vaulted Ceiling(s)

Property utilities

CategoryTypeStatus
GasNatural GasConnected

Listing history

DateEventPriceChangeSource
Mar 17, 2026New listing$2,200,000MFRMLS
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This 1.6-acre property is located at 824 E University Ave in Gainesville, FL 32601. The property is available for sale for $2,200,000. It has a 12,008 sq ft 19 bedroom, 12 bath house built in 1947.

Checked 1 hour ago — Updated

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