626 13Th StGainesville, FL 32601

Property Details for 626 13Th St

Year built

1983

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.22 AC

Property size (Sq ft)

3,218 SF

Zone code

U6

Property type

Retail space

APN

15208-000-000

APU

15208000000

Description

This exceptional 0.59-acre commercial property at 626 NW 13th Street, Gainesville, FL 32601, presents a compelling investment opportunity. Located just six blocks from the University of Florida, this site offers significant redevelopment potential for a mixed-use or multi-family project. The property currently features a 5,280 square foot total building footprint, comprising a 3,218 square foot commercial building, a single-family home, and a duplex. All existing structures are currently occupied and generate a consistent income stream, providing immediate return on investment while planning for future development. The asking price is $4,999,500. This prime location in Alachua County offers unparalleled access to the vibrant University of Florida community and its substantial student population, ensuring strong demand for any future development. The property's size and existing structures provide a solid foundation for a variety of development scenarios, making it an attractive proposition for both seasoned investors and new developers seeking a high-growth market. This is a rare chance to acquire a well-situated property with immediate income and substantial long-term upside. Don't miss this opportunity to capitalize on the dynamic Gainesville real estate market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,021,543

  6.5%

  $942,963

  7%

  $875,608

• Comparable approach

  Method

  Valuation

  Relative Method

  $551,518

  Geo Method

  $551,518

• Alternative Use

  Use

  Valuation

  Residential

  $795,424

  Hospitality

  $728,604

  Educational

  $606,190

  Medical

  $627,038

  Retail

  $942,963

Location Insight

City

Gainesville

County

Alachua

State

Florida

Latitude

29.6571

Longitude

-82.3395

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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