4+/- Acres Prime Development

SW 20th Avenue & SW 38th Terrace Executive Summary

This offering is for 4.4+/- acres of developable multifamily land with a zoning of 100 units/acre and up to 6 stories by right.

This is a fantastic location just north of the new Butler Plaza Expansion (2 million SF of retail and restaurants) and located approximately 1+/- mile west of the University of Florida. There are no wetlands on the property but approximately 1.5 +/- acres of land is in the FEMA 100 year flood plain.

It is crucial to call listing broker for additional details on the offering before submitting any offer. Butler North Butler West

Walmart Total Wine Target Ashley Marshalls Carter’s Old Navy Dick’s Sporting Payless Rack Room Shoes Massage Envy

Longhorn TGIFridays GNC Village Jeweler Olive Garden Hair Cuttery Maple Street Biscuit Bahama Breeze Lowes Kirklands Ale House

Sam’s Club Jimmy Hulas Arby’s Pollo Tropical Jimmy John’s Gator Mania Dairy Queen Texas Roadhouse Orange Theory Jersey Mikes

Celebration Pointe

Bass Pro Shop Eddie Montgomery’s Rascal Flatts Grill Liquid Ginger

Reggae Shack Margaritaville Kilwin’s Confections Miller’s Ale House

InfoTech Hotel Indigo Luxury Regal Theatre Outlet Shopping

Celebration Butler Central Butler Town Center Pointe PetSmart Publix H&R Block Ross Office Max Miya Sushi Great Clips Michael’s Pier 1 Rent A Center China King

Tuesday Morning Trader Joe’s The Hyppo Sleep Center Zaxby’s AT&T McAlister’s Deli Cici’s Pizza Gigi’s Cupcakes Which Wich

Outback Yogurtology 4 Rivers BBQ Burger Fi Hibbett Sports Zoe’s Falafel King Starbuck’s Parcel & Owner Identification Owner/Parcel Details

Owner 1 Owner 2 Owner 3 Fleming Park ROW

First National Powell Rutledge Millen & Colton Last Name of Nebraska Approx. 0.167 0.10 2.575 0.658 0.610 Acres

Parcel # 06731-000-000 06728-000-000 06729-000-000 N/A N/A

12-17, 20-39, 18 & 19 40 N/A N/A Lot # 41-45 Development Notes

Land Use Urban Mixed Use High Intensity (UMUH) Zoning Urban 9 (U9) Overlay District No Permitted Uses This is a mixed- use zoning district that allows over 40 uses by right including apartments, all types of retail uses, offices, personal and business services. Building Coverage 90% Residential 100 units per acre by right, 125 units per acre by Special Use density Permit Setbacks: Side Interior 0 feet Rear 5 feet, 3 feet when adjacent to an alley Building Height 6 stories by right (88 feet) 8 stories by Special Use permit (116 feet) *These project details are the general standards from the City’s Land Development Code and does not include a complete set of development standards that a development must comply with. Potential buyers are advised to consult with their design and engineering professionals to verify this information with the City. The City of Gainesville offers a free code review process call First Step. This process allows the buyer and their design professional to meet with staff from all the City Departments that will be reviewing the project at one time. This meeting can be scheduled online on the City’s Website. Development Notes

Vehicle Parking No minimum parking spaces required, maximum number parking space allowed 1 per bedroom, additional parking allowed for ancillary uses Bicycle Parking Nonresidential: 1space per 2000 square feet Residential: 1 space per 3 bedrooms Scooter Parking 1 space per 6 bedrooms RTS Bus Route Route 33 and 20 Development Developments that comply with the City’s Land Development Approval Code will be reviewed and approved by City Staff. Developments Considerations requiring variances that cannot be approved by staff, will go to the Development Review Board for review and approval.

*These project details are the general standards from the City’s Land Development Code and does not include a complete set of development standards that a development must comply with. Potential buyers are advised to consult with their design and engineering professionals to verify this information with the City. The City of Gainesville offers a free code review process call First Step. This process allows the buyer and their design professional to meet with staff from all the City Departments that will be reviewing the project at one time. This meeting can be scheduled online on the City’s Website. DEMOGRAPHIC SNAPSHOT Population 1-Mile 3-Mile 5-Mile 2017 Total Number 10,080 83,380 158,456 2022 Projection 10,589 86,849 164,338 2010 Census Population 9,307 79,019 150,768 Growth 2010-2017 8.3% 5.5% 5.1% Growth 2017-2022 Estimated 5.0% 4.2% 3.7% 2017 Estimated Median Age 23.7 24.1 27.2 2022 Estimated Median Age 23.9 24.3 27.9 HOUSEHOLDS Household 1-Mile 3-Mile 5-Mile 2017 Total Number 4,918 33,852 66,320 2022 Projection 5,158 35,344 68,806 2010 Census Households 4,606 31,954 63,147 Avg. Household Income $31,228 $47,651 $63,602 Avg. Household Size 1.96 2.18 2.23 Household Size Annual Rate 0.96% 0.87% 0.74% Occupied Housing Units 5,704 38,566 74,476 Owner Occupied 5.5% 18.8% 31.7% Renter Occupied 80.8% 69.0% 57.3% Flood Plain Map Neither CMCMMP nor the Owner make any guarantee, warranty, or representation about the information provided. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property.

Beau Beery, CCIM Todd Rainsberger, PhD