1113 Northwest 5th Avenue

Gainesville FL 32601

6098 sq. ft.

Land

Last sold for $165,000

Ben Burkley, last sold this property on 08 July 2026 after 30 days on market.

Overview

Outstanding infill development opportunity just five blocks from the University of Florida. This 0.14-acre vacant lot is located in one of Gainesville's most active redevelopment corridors and is surrounded by several of the area's premier student housing communities, placing it in the heart of a proven rental and investment market. Zoned U-6 (Urban 6), the property offers significant flexibility for developers and investors seeking to capitalize on continued demand for housing and mixed-use development near campus. U-6 zoning permits a variety of residential, commercial, and mixed-use uses, with residential densities of up to 50 dwelling units per acre, allowing for efficient land utilization in a highly walkable urban environment. With limited undeveloped land remaining near UF, opportunities to acquire well-located infill sites of this nature are becoming increasingly scarce. The property's proximity to campus, major employment centers, retail, dining, and public transportation enhances its appeal for future residents and supports strong long-term market fundamentals. Whether incorporated into a student housing strategy, boutique multifamily project, mixed-use concept, or long-term land investment, this parcel offers the location, zoning flexibility, and development potential that sophisticated investors seek. Rarely does a site this close to the University of Florida become available with such compelling redevelopment prospects.

Features

6098 sq. ft. lot size

Land

Estimated Value

Based on this property and similar land plots sold in Gainesville over the last 12 months, the estimated median property value of 1113 Northwest 5th Avenue is $129k.

Median value

$129k

Estimated value range

$20k - $255k

Median days on market

Estimated value trend

147%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Gainesville. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1113 Northwest 5th Avenue

2026

Sold

$165,000

08 Jul 2026 by Ben Burkley, of MAISON

2025

Sold

$400,000

06 Oct 2025 by Yakira Prise, of MAGNOLIA BLACK REALTY GROUP, LLC

Happy sellers in Gainesville

We have insufficient information to provide an overview of customer satisfaction for Gainesville. Viewing the agent profiles, reviews and sales for Gainesville can provide insights for this location.