1504 SW 74th Dr - Restaurant FOR SALE


Gainesville, FL 32607- West Gainesville
$1,200,000 USD
352-278-2627
1504 SW 74th Dr, Gainesville, FL for Sale
$1,200,000 USD
Restaurant - FOR SALE
1/8
null | 6.64% Cap Rate

1504 SW 74th Dr
Gainesville, FL 32607
West Gainesville


HIGHLIGHTS

  • HIGH-TRAFFIC RETAIL LOCATION WITH NATIONAL & LOCAL TENANTS IN PLACE | EXCELLENT ACCESS & REGIONAL CONNECTIVITY
  • IN MARKET'S WEST, A SOUGHT AFTER MIXED USE DEVELOPMENT WITH AN ARRAY OF LOCAL, REGIONAL, AND NATIONAL TENANT BRANDS
  • TWO FULLY-LEASED RETAIL SUITES TOTALING 3,379 SF | ESTABLISHED TENANTS WITH STRONG CUSTOMER DRAW
  • SURROUNDED BY DENSE, AFFLUENT RESIDENTIAL COMMUNITIES
  • STRONG CO-TENANT AND NEIGHBORING TENANT MIX | LOCATED IN ONE OF NORTH CENTRAL FLORIDA'S FASTEST-GROWING MARKETS
  • POSITIONED WITHIN GAINESVILLE'S PRIMARY GROWTH CORRIDOR/MARKET

OVERVIEW

Long term leases in place, with 7+/- years remaining term. Minimal Landlord responsibilities. Tenants responsible for all building expenses excluding maintenance of structural elements, which is anticipated to be minimal due to the age of the structure (2023). Current tenants, Marco's Pizza and Grand Oaks Nail Salon, underscore the property's appeal with stable, experience driven operators. Located within the thriving Markets West Commercial Park, this multi-tenant site at 1504 SW 74th Drive benefits from excellent visibility just off SW 75th Street (Tower Road) a key corridor between Newberry and Archer Road--at a bustling roundabout that provides smooth access into the development. Surrounded by high-income neighborhoods and anchored by strong nearby tenants like O2B Kids, HCA Florida, Sherwin Williams, Elliano's Coffee, and Dollar General, the site enjoys consistent local traffic and regional draw. The area features over 13,000 residents within a 1-mile radius and average household incomes above $100,000, making it an ideal location for service-oriented retail. Just 2.5 miles from I-75, the site combines easy access with a community-focused setting,

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$405 USD /SF

CAP RATE

6.64%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

MU2

APN/PARCEL ID

06676-001-022

ASK ABOUT THIS PROPERTY

Amber Crawford, CCIMSwift Creek Realty & Investment CorporationMore Info
352-278-2627

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Amber Crawford, CCIMSwift Creek Realty & Investment CorporationMore Info
352-278-2627

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