Student Housing Opportunity
Multi Family Conversion Opportunity
Marketing description
This property is configured as a professional office for a law practice but retains the underlying structure and layout of a residential home, offering flexibility for a variety of uses. Zoned OF, the property allows for continued office use or redevelopment into multifamily or student housing. The building features four separate points of access, providing the ability to subdivide the space into multiple units or suites to maximize income. A dedicated on-site parking lot accommodates five vehicles, with additional potential to generate income through leased parking. Surrounded by existing multifamily housing/ office and supported by strong comparable sales nearby, this property presents a compelling value-add opportunity. Ideal for an owner-user, investor, or developer, the asset offers immediate usability with long-term upside through redevelopment or repositioning into a higher-density residential product.
Investment highlights
- Surrounded by a mix of multifamily and professional office users
- Approximately 8 minutes from the University of Florida
- Ideal for office use, owner-user, or multifamily redevelopment
- Four (4) separate entry points providing flexible access and potential for subdivision
- On-site designated parking with capacity for approximately five (5) vehicles
- Surrounded by a mix of multifamily and professional office users
- Approximately 8 minutes from the University of Florida
- Ideal for office use, owner-user, or multifamily redevelopment
- Strong rental upside with ability to split into multiple units
- Fenced in lot
- Electrical updated throughout in 2011
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