1236 21St AveGainesville, FL 32609

Property Details for 1236 21St Ave

Year built

1967

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.29 AC

Property size (Sq ft)

3,650 SF

Zone code

U8

Property type

Retail space

APN

08725-001-000

APU

8725001000

Description

This single-tenant retail property, located at 1236 NW 21st Ave in Gainesville, Florida (zip code 32609), offers 4,162 square feet of space on a 0.29-acre lot. Built in 1967 and renovated in 2018, the property is classified as Class B and features a single-story building with 14 parking spaces. The zoning is U8, allowing for a variety of uses (refer to the Gainesville City Code of Ordinances for permitted uses). The property's open floor plan is ideal for retail or restaurant use, as demonstrated by the current tenant's configuration as a retail clothing store and coffee shop. The property has no vacant space. Taxes are $0.78 per square foot. The cross street is NW 13th St (441), placing it in the Gainesville submarket cluster 441. The property's APN is 08725-001-000. A 24-hour notice is required for showings. This is a fantastic opportunity to acquire a well-maintained, established retail space in a desirable Gainesville location. The property's convenient location and flexible zoning make it an attractive investment for a variety of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $1,158,680

  6.5%

  $1,069,550

  7%

  $993,154

• Comparable approach

  Method

  Valuation

  Relative Method

  $625,556

  Geo Method

  $625,556

• Alternative Use

  Use

  Valuation

  Residential

  $902,206

  Hospitality

  $826,416

  Educational

  $687,568

  Medical

  $711,215

  Retail

  $1,069,550

Location Insight

City

Gainesville

County

Alachua

State

Florida

Latitude

29.6725

Longitude

-82.3384

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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