Former Hotel Redevelopment Opportunity in Gainesville, FL

This listing presents a significant redevelopment opportunity for a 197-key former hotel, the Stayable Select Gainesville, located in Gainesville, Florida. Currently not in operation, this property offers a prime blank canvas for investors and developers. It boasts premier frontage on State Road 25, providing excellent accessibility to downtown Gainesville, the University of Florida, UF Health Shands Hospital, and the airport. The property benefits from flexible U7 zoning, which supports a wide range of residential, commercial, and industrial uses, making it suitable for diverse development strategies. The presence of the University of Florida, with over 55,000 students, ensures consistent traffic and strong economic fundamentals for the area. Furthermore, the market exhibits robust demand, evidenced by over $1.38 billion in nearby consumer spending, supporting high demand for retail, hospitality, and mixed-use developments. This is an investment sale via online auction, with bidding starting at $1,000,000.