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  1. Commercial Properties
  2. FL
  3. Gainesville

5 Parcel Assemblage Near Downtown Gainesville, FL

For Sale

503 NE 4th Avenue, Gainesville, FL 32601

Multi-parcel portfolio in Gainesville at NE 4th Ave/NE 5th St (U2 zoning) near Downtown Gainesville, FloridaExceptional opportunity to acquire a five-parcel assemblage totaling approximately 1.4± acres in Gainesville, Florida. The portfolio includes two income-producing properties — a quadraplex and a duplex — providing approximately 6 rental units and 6,014± SF of building area with tenants currently in place. Three vacant commercial parcels are included, amplifying the overall redevelopment potential of the site. Strategically located near Downtown Gainesville, this assemblage is a compelling redevelopment play for multifamily developers and value-add investors looking to capitalize on the city's growing housing demand. Zoned U2, the portfolio supports flexible development scenarios including new multifamily construction, mixed-use redevelopment, or expansion of the existing rental portfolio. With all parcels under single ownership, acquisition is streamlined and ready for a visionary next owner.

Key features

  • 5-parcel assemblage totaling 1.4± acres in Gainesville, FL
  • 6,014± SF total building area across two improved parcels (quadraplex& duplex)
  • Highest and best use: new multifamily construction or full site redevelopment
  • Immediate cash flow with 6 rental units and tenants currently in place
  • Offered at $1,700,000 all parcels conveyed under single ownership
  • Strategically located near Downtown Gainesville
  • Three vacant parcels provide significant redevelopment upside
  • Zoned U2 positioned for multifamily or mixed-use redevelopment

Building Details

  • For Sale $1,700,000
  • Property Type Multi-Family
  • Property Size 6,014 SF
  • Units 6
  • Lot Size 1.4 Acre
  • Additional Rent Price on request
  • Property Tenancy Multi-Tenant
  • Date Updated Nov 4, 2026
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Contacts

broker
Brent Line

Lee & Associates Gainesville

Location

  • City Gainesville, FL
  • Neighborhood Duckpond - Highland Court Manor
  • Zip Code 32601
  • Market North Central Florida
  • Map
  • Street
  • Walk score 82/100 Very Walkable
  • Bike score 97/100 Biker's Paradise
Powered by Walk Score ®

Points of Interest

Wawa

0.53 miles

Sunoco

0.69 miles

Refresh

0.94 miles

Kangaroo Express

0.98 miles

GATE

1.16 miles

Citgo

1.38 miles

Marathon

1.42 miles

ChargePoint

1.78 miles

Shell

2.57 miles

Facilities Services Motor Pool

2.94 miles

Lot 10

0.43 miles

Ayers Plaza Parking lot

0.74 miles

Ayers Plaza Overflow Parking

0.89 miles

Norman Garage

1.19 miles

Norman Field Lot Parking

1.22 miles

Tigert Hall Parking

1.26 miles

Yulee Reid Parking

1.27 miles

Fine Arts C Parking

1.29 miles

Cypress Parking

1.30 miles

Housing Orange Parking

1.35 miles

Enterprise

0.74 miles

Hertz

2.18 miles

Circle K

6.16 miles

Steamers

0.29 miles

The Top

0.31 miles

V Pizza & SideCar

0.33 miles

Original American Kitchen

0.34 miles

Emiliano's Cafe

0.35 miles

Dragonfly Sushi Company

0.36 miles

Mojo Hogtown Bar-B-Que

0.36 miles

Relish

0.37 miles

Big Lou's NY Style Pizzeria

0.39 miles

Swamp Religion

0.42 miles

Chun Ching Supermarket

0.64 miles

Publix

0.71 miles

Winn-Dixie

1.29 miles

Walmart Supercenter

1.34 miles

Ward's Supermarket

1.42 miles

Burlington

1.82 miles

ALDI

2.53 miles

Kohl's

3.82 miles

Ross

4.15 miles

Target

4.43 miles

Alachua County Sheriff's Office - Civil

0.29 miles

Fire Station 1

0.59 miles

Walgreens

0.63 miles

BPL Plasma

0.65 miles

Gainesville Central Police Station

0.67 miles

Alachua County Fire Rescue Headquarters

0.78 miles

Gainesville Fire Station Number 3

0.92 miles

CVS Pharmacy

1.36 miles

UPD Centrex Building

1.53 miles

Alachua County Main Clinic

1.56 miles

Listing Summary

  • Property Financials

    503 NE 4th Avenue is currently listed for sale at $1,700,000 for a price per square foot of $282.67.

  • Property Details

    503 NE 4th Avenue totals 6,014 square feet of Multi-Family space on a lot spanning 1.4 acres.

    Tenancy at 503 NE 4th Avenue is listed as Multi-Tenant, comprising a total of 6 units.

  • Area Characteristics

    503 NE 4th Avenue is located in the Duckpond - Highland Court Manor neighborhood.

    In terms of ease of commuting, the area has a walk score of 82, indicating that it is very walkable.

Contact Brent Line
broker
Brent Line

Lee & Associates Gainesville

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