6323 23Rd StGainesville, FL 32653

Property Details for 6323 23Rd St

Year built

2014

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.71 AC

Property size (Sq ft)

1,260 SF

Zone code

MU2

Property type

Grocery and convenience stores

APN

06014-032-003

APU

6014032003

Description

This exceptional 0.91-acre commercial land parcel presents a rare opportunity for development in Gainesville, Florida. Located at 6323 NW 23rd St, zip code 32653, this multi-tenant site is situated within a thriving retail corridor, offering unparalleled visibility and accessibility. The property is available for sale, build-to-suit (BTS) projects, or ground lease (GL) arrangements, providing flexibility for various development plans. Its strategic location places it in close proximity to established national retailers, including Walmart, Dunkin', Mavis Discount Tire, Dollar Tree, and Murphy USA, ensuring high foot traffic and strong consumer demographics. This is one of the last remaining development sites on NW 23rd Street, making it a highly sought-after investment opportunity. The property's size and location make it ideal for a variety of retail uses, offering significant potential for return on investment. Serious inquiries are encouraged to explore the possibilities of this prime Gainesville commercial land. The property is zoned for commercial use (specific zoning information should be independently verified). This is a unique chance to capitalize on the growth and vibrancy of Gainesville's retail market.

• CAP approach

  CAP return

  Valuation

  6%

  $399,983

  6.5%

  $369,215

  7%

  $342,842

• Comparable approach

  Method

  Valuation

  Relative Method

  $215,945

  Geo Method

  $215,945

• Alternative Use

  Use

  Valuation

  Residential

  $311,446

  Hospitality

  $285,283

  Educational

  $237,352

  Medical

  $245,515

  Retail

  $369,215

Location Insight

City

Gainesville

County

Alachua

State

Florida

Latitude

29.7125

Longitude

-82.3554

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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