2445 13Th StGainesville, FL 32608

Property Details for 2445 13Th St

Year built

1969

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.05 AC

Property size (Sq ft)

3,367 SF

Zone code

U7

Property type

Turn key restaurants

APN

15699-061-000

APU

15699061000

Description

This exceptional Gainesville, FL commercial property presents a compelling investment opportunity. Located at 2445 SW 13th Street, this mixed-use offering encompasses a substantial 3,367 square foot building situated on a 1.05-acre lot. The property's zoning, designated U7, unlocks a diverse range of development possibilities. Previously utilized as a restaurant, the existing structure offers a solid foundation for adaptive reuse or complete redevelopment. The property's configuration includes two distinct parcels, enhancing its flexibility and appeal. A sizable adjacent parking lot provides ample space for customers or residents, while an additional 0.60-acre parcel at the rear offers further expansion potential or alternative uses. The permitted uses under the U7 zoning are extensive, including but not limited to car washes, multifamily housing, drive-thru facilities, hotels, and vehicle repair shops. This unique combination of building size, land area, and flexible zoning makes this property an ideal choice for investors and developers seeking a high-return investment in a thriving Gainesville location. The asking price is $1,195,000. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,068,842

  6.5%

  $986,624

  7%

  $916,151

• Comparable approach

  Method

  Valuation

  Relative Method

  $577,054

  Geo Method

  $577,054

• Alternative Use

  Use

  Valuation

  Residential

  $832,254

  Hospitality

  $762,340

  Educational

  $634,258

  Medical

  $656,071

  Retail

  $986,624

Location Insight

City

Gainesville

County

Alachua

State

Florida

Latitude

29.629

Longitude

-82.3387

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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