5550 111Th BlvdGainesville, FL 32653

Property Details for 5550 111Th Blvd

Year built

2007

Construction

WOOD

Lot size

2.28 AC

Property size (Sq ft)

11,639 SF

Zone code

CI

Property type

Office buildings

APN

05885-010-003

APU

5885010003

Description

This exceptional two-story brick office building, situated on a 2.28-acre lot in the Alachua Crossings complex, presents a unique investment opportunity. Located off US Highway 441 in Gainesville, Florida, this property boasts 11,639 square feet of space, offering flexibility for various uses including creative, medical, and traditional office settings. The building features a first floor with approximately 2,067 square feet of leasable/occupiable office space and a completely vacant 3,265 square feet on the second floor, both with access to shared common areas including a reception area, break room/kitchen, and a conference/training room. Convenient access to the second floor is provided by stairs at each end of the building and a centrally located lift. The property is zoned CI (Commercial Intensive) and benefits from ample parking, a private setting within a wooded area, and two ponds at the entrance. Its prime location offers easy access to downtown Alachua (6.7 miles), downtown Gainesville (9.4 miles), and the University of Florida (9.0 miles), placing it within the Gainesville-Alachua Tech Corridor. The tax parcel number is 05885-010-003. The asking price is $1,150,000, translating to $98.81 per square foot. This property is an ideal investment for those seeking a versatile and well-located office building in a desirable Gainesville location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,848,570

  6.5%

  $2,629,450

  7%

  $2,441,630

• Comparable approach

  Method

  Valuation

  Relative Method

  $791,568

  Geo Method

  $791,568

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,138,530

  Retail / Commercial

  $2,642,500

  Mixed-Use / Specialty

  $2,638,980

  Hospitality / Lodging

  $1,943,820

  Institutional / Educational

  $2,745,580

  Residential Income

  $3,212,330

  Multifamily

  $3,819,980

  Automotive / Energy

  $2,353,360

  Parking / Income-Based Land

  $806,285

  Restaurant / Food Service

  $1,385,150

  Healthcare / Senior Housing

  $2,700,170

Location Insight

City

Gainesville

County

Alachua

State

Florida

Latitude

29.7566

Longitude

-82.4054

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].