230 16Th AveGainesville, FL 32601

Property Details for 230 16Th Ave

Year built

1964

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.53 AC

Property size (Sq ft)

5,888 SF

Zone code

BUS

Property type

Retail properties

Property subtype

Retail space

APN

10249-002-000

APU

10249002000

Description

This exceptional 5,888-square-foot warehouse, situated on a 0.53-acre lot in Gainesville, Florida, presents a remarkable investment opportunity. Built in 1964 and renovated in 2019, this single-story Class C building boasts flexible BUS zoning, allowing for a diverse range of uses. Currently configured as an animal grooming and boarding facility, the property offers a seamless transition to various other commercial ventures, including retail, office, medical, or mixed-use developments. Key features include a gated entry, a convenient 10-space parking lot, an in-ground pool, and a dog run, all situated within a fully air-conditioned space. The property's open floor plan adaptability makes it exceptionally versatile. While currently vacant, a potential tenant is available to continue the existing business, offering a unique turn-key option for the right buyer. This prime commercial property, located at 230 NE 16th Ave, Gainesville, FL 32601 (APN: 10249-002-000), represents an unparalleled chance to acquire a well-maintained, adaptable space in a desirable location. The property's existing infrastructure, including the air conditioning and outdoor amenities, significantly reduces the cost and time associated with renovations. This is a rare opportunity to acquire a versatile property with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,869,125

  6.5%

  $1,725,346

  7%

  $1,602,107

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,009,116

  Geo Method

  $1,009,116

• Alternative Use

  Use

  Valuation

  Residential

  $1,455,394

  Hospitality

  $1,333,133

  Educational

  $1,109,151

  Medical

  $1,147,296

  Retail

  $1,725,346

Location Insight

City

Gainesville

County

Alachua

State

Florida

Latitude

29.6671

Longitude

-82.3221

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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