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Investment Highlights

  • 54,000 AADT
  • Superior Zoning
  • Superior Visibility

Executive Summary

Exceptional 2.61-acre commercial development opportunity on 2 parcels located on Gainesville's premier retail and medical corridor directly along SW Archer Road. Zoned U9, the property allows for a broad range of high-intensity and mixed-use development concepts. U9 zoning is Gainesville's highest intensity urban transect zoning district outside of DT and is intended to support dense, walkable, urban-scale development with a mix of commercial and residential uses.
The site benefits from outstanding visibility with an AADT of 54,000 along Archer Road, one of Gainesville's busiest commercial corridors and the primary connection between the University of Florida, UF Health/Shands, Butler Plaza, Celebration Pointe, and Interstate 75.
Surrounded by major employers, healthcare facilities, retail destinations, hotels, and dense residential neighborhoods, the property sits in the heart of Gainesville's strongest growth corridor. Utilities are available in the area, and the location offers convenient access to both UF and I-75.

Property Facts

Price $6,994,350 CAD
Sale Type Investment or Owner User
No. Lots 2
Property Type Land
Property Subtype Commercial
Total Lot Size 2.60 AC
Zoning U( - Ideal for Multifamily, Hotel, Student Housing, Medical etc. 100–125 units per acre - delivers high density, height, and use flexibility

2 Lots Available

Lot 1

Price $6,994,350 CAD
Price Per AC $3,605,335.03 CAD
Lot Size 1.94 AC

Exceptional 2.61-acre commercial development opportunity on 2 parcels located on Gainesville's premier retail and medical corridor directly along SW Archer Road. Zoned U9

Lot 2

Lot Size 0.66 AC

same as above

Description

Positioned within Gainesville's U9 Transect Zone, this site represents a rare, high-density development opportunity in one of the city's most permissive urban zoning designations. With an expansive menu of permitted uses, generous density allowances, flexible height provisions, and minimal setback restrictions, this property is primed for a wide range of value-maximizing development strategies. Density & Development Intensity The U9 designation permits residential density of up to 100 units per acre by right — with the ability to achieve 125 units per acre via Special Use Permit (SUP). Nonresidential building coverage is permitted up to 90%, giving developers the flexibility to maximize every square foot of the site. Height & Vertical Upside By-right construction is permitted up to 6 stories or 88 feet, with a clearly defined bonus pathway unlocking up to 8 stories and 116 feet of total building height. For investors and developers with an eye toward maximizing FAR and return on cost, this vertical potential is a significant value driver. Highest & Best Use The U9 transect's broad permitted use table unlocks several compelling development scenarios: High-Density Multifamily / Mixed-Use — The most natural expression of U9 entitlements. With 100–125 units per acre and ground-floor retail, restaurant, and personal services permitted by right, a mixed-use residential tower delivers both density and street-level activation that lenders and institutional investors favor. Student Housing / Dormitory — Both small and large-scale dormitories are permitted by right, and with the University of Florida's campus in close proximity, a purpose-built student housing project represents one of the strongest demand drivers in the Gainesville market. Hospitality — Hotels are permitted by right in U9, making a boutique or select-service hotel a viable and potentially high-yielding alternative for the right operator, particularly given Gainesville's year-round university-driven visitor demand. Medical Office / Healthcare Campus — Medical, dental, and health-related office uses are permitted by right, as are laboratory and skilled nursing facilities. Given Gainesville's position as a regional healthcare hub anchored by UF Health, a medical office or outpatient care facility would benefit from strong institutional demand fundamentals. Professional Office / Structured Parking — Office and structured parking are both permitted by right, supporting a professional office development with on-site parking — a combination that remains in high demand among corporate and institutional tenants in urban core locations. Retail / Restaurant / Entertainment — Retail sales, restaurants, alcoholic beverage establishments, exercise studios, and indoor recreation are all permitted by right, making ground-floor or standalone commercial development equally viable for operators targeting Gainesville's growing urban consumer base. Efficient Site Planning Zero side interior and rear setbacks (with alley access) eliminate wasted land and support highly efficient floor plate design. With a minimum lot width of just 18 feet, the site accommodates a broad range of configurations across virtually every asset class.

Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 15507-000-000
  • 15507-001-000
Land Assessment
$4,047,288 CAD
Improvements Assessment
$0 CAD
Total Assessment
$4,047,288 CAD
  • Listing ID: 40943172

  • Date on Market: 2026-06-16

  • Last Updated:

  • Address: Southwest Archer Road, Gainesville, FL 32608

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