1017 W University Ave - Storefront Retail/Office FOR SALE


Gainesville, FL 32601- Innovation District
$3,700,000 USD
352-222-4850
1017 W University Ave, Gainesville, FL for Sale
$3,700,000 USD
Storefront Retail/Office - FOR SALE
1/18
null | Request Cap Rate

1017 W University Ave
Gainesville, FL 32601
Innovation District


HIGHLIGHTS

  • Heavy Daytime Traffic
  • High residency in surrounding area
  • Yards away from University of Florida
  • Thriving existing businesses

OVERVIEW

Prime commercial property located at 1011-1017 W University Ave, Gainesville, FL 32601, just two blocks from the University of Florida campus. This property boasts an impressive average daily traffic (ADT) count of over 24,000 vehicles, ensuring exceptional visibility for any business. The 10,803 sq ft building, constructed in 1964, sits on a 0.25-acre lot and is currently home to thriving establishments such as Tikka Express, a popular Indian restaurant known for its authentic cuisine; Mom's OG, a classic Irish sports bar and grill celebrated for its friendly atmosphere and delicious food; and The Laptop Repair of Gainesville, a computer repair store. The property's prime location on W University Avenue places it in the heart of Gainesville's bustling commercial district, surrounded by a variety of dining, retail, and entertainment options. Its close proximity to the University of Florida ensures a steady flow of foot and vehicular traffic, making it an ideal investment opportunity for businesses seeking high exposure. With U9 zoning and reliable tenants in place, this property offers both immediate income potential and future development possibilities. Don't miss the chance to secure a prime piece of Gainesville real estate in a thriving community.

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$594 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

U9

APN/PARCEL ID

13250-010-001,13250-010-002,13250-010-003,13250-010-004,13250-010-005,13250-010-006

ASK ABOUT THIS PROPERTY

Son VoBroxson Real Estate GroupMore Info
352-222-4850

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Son VoBroxson Real Estate GroupMore Info
352-222-4850

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.