1210 23Rd AveGainesville, FL 32609

Property Details for 1210 23Rd Ave

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.37 AC

Property size (Sq ft)

3,204 SF

Zone code

U8

Property type

Retail properties

Property subtype

Retail space

APN

08666-000-000

APU

8666000000

Description

Prime Gainesville office building at 1210 NW 23rd Ave is available for $500,000. This 3,204 square foot, vacant Class C building sits on a 0.37-acre lot (APN 08666-000-000) and offers significant potential. Built in 1900, the property requires renovation or demolition, presenting a unique opportunity for redevelopment. The MU2 zoning allows for mixed-use development. Located in Alachua County's Oak Park subdivision, the building benefits from convenient access to downtown Gainesville and the University of Florida. A designated parking lot is included. The property's strategic location is enhanced by its proximity to a newly constructed Wawa convenience store. This presents an excellent chance to capitalize on a high-traffic area and create a thriving business. The asking price is $156.05 per square foot. The property is currently held under sole proprietorship. This is a rare opportunity to acquire a property with significant upside in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,017,099

  6.5%

  $938,860

  7%

  $871,799

• Comparable approach

  Method

  Valuation

  Relative Method

  $549,118

  Geo Method

  $549,118

• Alternative Use

  Use

  Valuation

  Residential

  $791,964

  Hospitality

  $725,434

  Educational

  $603,553

  Medical

  $624,310

  Retail

  $938,860

Location Insight

City

Gainesville

County

Alachua

State

Florida

Latitude

29.6742

Longitude

-82.3374

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].