620 NW 16th Ave presents a rare opportunity to acquire or lease a 12,132 SF freestanding commercial building located within one of Gainesville’s established and evolving corridors, just minutes from the University of Florida. The property is currently vacant, offering immediate flexibility for an owner-user, investor, or tenant. The asset benefits from updated U-6 (Urban Mixed-Use) zoning, allowing for a broad range of permitted uses including retail, restaurant, indoor recreation, farmers market concepts, as well as medical, educational, veterinary, and professional services. This expanded use flexibility significantly enhances the property’s adaptability, lease-up potential, and long-term redevelopment upside. The building features a functional and adaptable layout, strong street visibility, ample parking, and prominent signage opportunities. A professionally designed exterior mural enhances curb appeal and creates a distinctive presence along the corridor. Recent improvements to key building systems contribute to improved operational efficiency and reduce near-term capital requirements. The space is well-suited for a variety of users and can accommodate customization depending on use and tenancy needs. Ownership is open to both sale or lease opportunities, providing flexibility based on buyer or tenant needs, term, and occupancy timing. Strategically located in close proximity to the University of Florida and surrounding demand drivers, the property benefits from strong accessibility, visibility, and long-term growth fundamentals within the Gainesville market.