For Sale
$1,600,000

2720 6Th St Gainesville, FL 32609

Prime Gainesville Office, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
135
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

FAQs

What type of property is this?
Office property - Prime Gainesville Office, High ROI
Where is the office property located?
The property is located at 2720 6Th St Gainesville, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: $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.
How can I contact the broker?
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2720 6Th St
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