For Sale
$1,600,000

2720 6Th StGainesville, FL 32609

Prime Gainesville Office, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Gainesville, FL office building presents a compelling investment opportunity. Located at 2720 NW 6th St, 32609, this single-story, 7,056 square foot property sits on a sizable 0.54-acre lot (23,723 sq ft). Built in 1971 and renovated in 2021, the building features three units in a traditional office layout, ideal for multiple tenants or a single large user. The property boasts a strong pro-forma NOI of $116,430, translating to an attractive 6.85% cap rate at an asking price of $1,600,000 ($226.76/sq ft). Situated in a vibrant area with over 8,000 residents within a 1-mile radius and a median household income of $41,211, this location offers excellent access to a substantial customer base. The property's proximity to a thriving community within a 5-mile radius (nearly 146,000 residents) further enhances its investment potential. This well-maintained property is ready for immediate occupancy and offers a range of possibilities for investors and entrepreneurs seeking a strong return on investment in a desirable Gainesville location. The permitted zoning is "of".

Highlights

  • $1,600,000 asking price for a 7,056 square foot office building.
  • Multi-tenant property with three units.
  • Located at 2720 NW 6th St, Gainesville, FL 32609.
  • 6.85% cap rate with a $116,430 pro-forma NOI.
  • Single-story, 1971-built building on a 0.54-acre lot.

Property Details for 2720 6Th St

Property type
Office properties
Square Feet
7,056 SF
Year Built
1971
Buildings
1
Stories
1
Units
3

Location Insight

City
Gainesville
County
Alachua
State
Florida
Latitude
29.6778874
Longitude
-82.3311588
2720 6Th St, Gainesville, Florida

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2720 6Th St
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