3820 13Th StGainesville, FL 32608

Property Details for 3820 13Th St

Year built

1986

Construction

WOOD

Lot size

1.35 AC

Property size (Sq ft)

12,642 SF

Zone code

BR

Property type

Motels

APN

07251-009-000

APU

7251009000

Description

Exceptional investment opportunity: the Gator Town Inn, a 39-key hotel situated on a generous 4.04-acre lot at 3820 SW 13th St, Gainesville, FL 32608. This established property, built in 1986, presents a compelling proposition for discerning investors. The two-story building offers comfortable and charming guest rooms, creating a welcoming atmosphere. Its prime location benefits from a strong demographic profile; within a 5-mile radius, the projected 2022 population was 133,963, with a median household income of $39,702. This translates to a robust market for attracting both leisure and business travelers. The property's spacious grounds provide ample room for guest relaxation and potential expansion. The asking price is $8,990,900. An aerial view highlights its convenient location near various amenities and attractions. This well-maintained hotel offers significant potential for revenue generation and long-term growth in a thriving area of Gainesville, Florida. The property's established presence and strong local demographics make it an attractive investment opportunity. Detailed financial information and operational data are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $3,100,870

  6.5%

  $2,862,342

  7%

  $2,657,889

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,020,489

  Geo Method

  $2,020,489

• Alternative Use

  Use

  Valuation

  Residential

  $3,124,846

  Hospitality

  $2,862,342

  Educational

  $2,381,435

  Medical

  $2,463,336

  Retail

  $3,704,454

Location Insight

City

Gainesville

County

Alachua

State

Florida

Latitude

29.6176

Longitude

-82.3411

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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