This listing is under contract.

Banyonwood Multi-Family Land

8538 Gate Parkway W Jacksonville, FL 32216

Property Type:
Commercial Land Development
Last Verified:
Jul 09, 2018


  • +/-16.75 Total Acres
  • 8.46 usable/developable acres
  • CRO zoning allows for 20 units/acre or 335 units
  • Current planning entitled for development of assisted living, independent living and memory care facility with 235 units, accommodating up to 321 beds
  • List price $3,000,000


16.75 acre property with 8 acre usable for multi-family or senior living

Located on Gate Parkway among several multi-family developments.

Year Built: 0
Building Size: 0.0sq ft
Lot Size: 16.75 acres

Map of 8538 Gate Parkway W, Jacksonville, FL, 32216

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.