For Sale
$1,095,000

8763 27Th LnGainesville, FL 32608

Mixed-use building, high returns.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional mixed-use property, located at 8763 SW 27th Ln, Gainesville, FL 32608, presents a compelling investment opportunity. The building, constructed in 2006, boasts a total of 3,915 square feet of net rentable space across two stories, situated on an 8,137 square foot lot. Currently operating at 100% occupancy, the property generates a strong pro-forma NOI of $70,000, translating to a 6.39% pro-forma cap rate. The ground floor comprises 2,144 square feet of traditional office space, featuring eight large offices, a conference room, a breakroom, and complete high-speed internet wiring. This space is currently leased until August 31, 2025. Upstairs, a 1,772 square-foot residential apartment offers three bedrooms, two bathrooms, a spacious 192 square-foot porch, vaulted ceilings, and an open floor plan. The property is zoned PD and consists of one building with two units. This turnkey investment offers a blend of commercial and residential income streams, making it an attractive option for owner-users seeking a stable and profitable venture. The asking price is $1,095,000. Alachua County APN: 06860-366-067.

Highlights

  • Exceptional mixed-use property in Gainesville, FL, offering a strong investment opportunity.
  • 3,915 square feet net rentable space on an 8,137 square foot lot, built in 2006.
  • Currently 100% occupied, generating a $70,000 pro-forma NOI and a 6.39% pro-forma cap rate.
  • Ground floor: 2,144 sq ft of office space (8 offices, conference room, breakroom, high-speed internet) leased until August 31, 2025.
  • Upper floor: 1,772 sq ft residential apartment (3 bedrooms, 2 baths, large porch).
  • Zoned PD, one building with two units; asking price: $1,095,000; Alachua County APN: 06860-366-067.

Property Details for 8763 27Th Ln

Property type
Office properties, Mixed-use properties
Square Feet
2,144 SF
Year Built
2006
Buildings
1
Stories
2
Units
2

Location Insight

City
Gainesville
County
Alachua
State
Florida
Latitude
29.628418219822
Longitude
-82.435793905784
8763 27Th Ln, Gainesville, Florida

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8763 27Th Ln
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