$1,300,000

120 9th Street

Gainesville, FL 32601

Active

Baths

0.25

Acres

◆$120/sqft◆360° tour

Land

Property type

10,800 sqft

Lot size

$120

Price / sq ft

No HOA

HOA dues

Days on market

Flood zone

About this home

Multifamily housing opportunity as this property is walking distance to the main entrance of University of Florida. Current Zoning "Urban Mixed Use" with Land Use "U-6" allowing 8 story building and 150 units per acre. This property being .25 acres will allow 36 units with 7 being affordable housing.

Local Insight

At $1.3M for a quarter-acre vacant lot in downtown Gainesville, you're paying a premium for location and development potential rather than any existing structure—this is a play on the city's growth trajectory and the scarcity of downtown land, not current income-producing value. The X flood zone is favorable for this area, and with no HOA, you'd have full control over what gets built, though you'll want to verify zoning requirements and any city restrictions that might affect your development timeline and budget. The $120/sqft price point suggests the seller is banking on the surrounding redevelopment momentum, so your return depends heavily on whether Gainesville's downtown actually densifies as anticipated.

AI-generated insight based on listing data and neighborhood context. Verify independently.

Estimated monthly payment

Principal & interest$6,574

Property taxes$316

Home insurance (est.)$596

Down payment

20%

$260,000 downRate

6.5%

Term

Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.

Price & listing history0 days on market

Status: Active
Apr 13, 2026
Listed$1,300,000
Apr 13, 2026
Price increased$1,300,000

Virtual Tour

Facts & features

Property type: Land
Status: Active
Days on market: 0
Subdivision: Browns Add W R Thomas Sub
County: Alachua
Price/sq ft: $120
Lot size: 10,800 sq ft
Lot category: 1/4 to less than 1/2
Flood zone: X
Annual taxes: $3,794 (2025)
Parcel #: 13706-000-000
Zoning: U-6
MLS #: GC539312

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Interior Details

Direction faces: West

HOA & Financial

Total monthly fees: $0/mo
Total annual fees: $0
Ownership: Other

Exterior & Construction

Road surface: Asphalt

Utilities

Sewer: Public Sewer
Water source: Public
Utilities: BB/HS Internet Available, Cable Available, Electricity Available, Fiber Optics, Fire Hydrant, Natural Gas Available

Listing Details

Listing date: 2026-04-13
On market date: 2026-04-13
Original list price: $1,300,000
MLS area: 32601 - Gainesville
Listing AOR: Gainesville-Alachua
Status changed: 2026-04-13
Tax legal description: BROWN ADDN BK 5 PB A-64 S/D OF W1/2 OF BK 5 PB A-63 LOTS 4 5 BK A OR 2115/2446 & OR 3284/927

Flood risk

Minimal riskFEMA Zone X

Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.

Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.

Location

Directions

Heading East on West University Ave turn left on NW 9th Terrace property on right, or turn on left on NW 9th Road and property will be on your left. Parcels are 3rd parcel down. There is no sign on Property.

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Listings courtesy of Stellar MLS as distributed by MLS GRID

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the MLS GRID as of April 13, 2026 at 4:23 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA