For Sale
$1,400,000

22 University AveGainesville, FL 32601

Thriving bar/restaurant, prime location, high potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional three-story commercial property, located at 22 W University Ave in Gainesville, Florida, presents a unique investment opportunity. Boasting 9,000 square feet of space, this established bar and lounge is offered at $1,400,000 ($155.56/sq ft). Situated just off the intersection of University Avenue and Main Street, the property benefits from high visibility and foot traffic. Built in 1900 and renovated in 1994, the building features prestigious DT zoning, allowing for a wide range of commercial uses and high-density multifamily development, should the buyer choose to pursue such options. The property's prime location, substantial square footage, and flexible zoning make it an ideal investment for both owner-users and developers seeking a high-return opportunity in the heart of Gainesville. The Alachua County property (APN: 14650-000-000) offers significant street frontage on University Avenue, ensuring maximum exposure. This single-tenancy building presents a rare chance to acquire a well-established business in a vibrant downtown area. The property's history and current configuration provide a solid foundation for continued success or future redevelopment. This is a turnkey opportunity in a thriving market.

Highlights

  • High-profile downtown bar and lounge available for acquisition.
  • 9,000 square foot building on three floors.
  • Prime location near University Ave and Main Street intersection.
  • DT zoning permits diverse commercial uses and high-density residential development.
  • Beneficial University Avenue street frontage.

Property Details for 22 University Ave

Property type
Retail properties, Restaurants
Square Feet
9,000 SF
Year Built/Renovated
1900/1994
Stories
3

Location Insight

City
Gainesville
County
Alachua
State
Florida
Latitude
29.6521752
Longitude
-82.3257297
22 University Ave, Gainesville, Florida

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22 University Ave
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