For Sale
$95,000

1220 University Ave Gainesville, FL 32601

Gainesville Restaurant/Bar, $95k

Overview

Added:
Dec 11, 2024
Days on market:
127
This Gainesville, FL retail property at 1220 W University Ave offers 2,000 square feet of space, perfect for a restaurant or bar. Built in 1962, this single-story building sits on a 0.24-acre lot (APN: 13997-000-000) and boasts a prominent location diagonally across from the University of Florida, with high visibility (19,800 cars daily). The asking price is $95,000, representing a price per square foot of $33. The acquisition fee covers the current lease. The property includes significant existing equipment, including a 16-foot hood. Monthly rent is in the $6,800 net-net range. The previous tenant reported nearly $1 million in annual sales. The property's proximity to over 55,000 university students, thousands of nearby apartments (with more under construction), Publix, and a Holiday Inn ensures high foot traffic and potential for significant revenue. Additional storage is available upstairs. The possibility of purchasing the adjacent building is also available. This is a turnkey opportunity in a high-demand location.

Highlights

  • 2,000 SF retail space in Gainesville, FL, ideal for restaurant or bar.
  • Located at 1220 W University Ave, diagonally across from the University of Florida, with high visibility (19,800 cars daily).
  • $95,000 asking price ($33/SF); includes existing lease and significant equipment (including a 16-foot hood).
  • 0.24-acre lot (APN: 13997-000-000); single-story building (1962 construction).
  • High foot traffic; near 55,000+ students, numerous apartments, Publix, and a Holiday Inn; previous tenant reported nearly $1M in annual sales.
  • $6,800/month net-net rent.

Property Details for 1220 University Ave

Property type
Retail properties
Square Feet
2,000 SF
Year Built
1962
Stories
1
Lot Size (sq. ft)
10,454 SF

Location Insight

City
Gainesville
County
Alachua
State
Florida
Latitude
29.652221
Longitude
-82.3378095
1220 University Ave, Gainesville, Florida

FAQs

What type of property is this?
Retail property - Gainesville Restaurant/Bar, $95k
Where is the retail property located?
The property is located at 1220 University Ave Gainesville, FL.
What is the asking price?
The asking price for this property is $95,000.
What are key features of this property?
This property features: 2,000 SF retail space in Gainesville, FL, ideal for restaurant or bar.; Located at 1220 W University Ave, diagonally across from the University of Florida, with high visibility (19,800 cars daily).; $95,000 asking price ($33/SF); includes existing lease and significant equipment (including a 16-foot hood).
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1220 University Ave
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