101 2Nd PlGainesville, FL 32601
- Retail properties
- 9,464 SF
Property Details for 101 2Nd Pl
- Year built
- 1987
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 2.49 AC
- Property size (Sq ft)
- 9,464 SF
- Zone code
- DT
- Property type
- Retail properties
- Property subtype
- Community centers
- APN
- 12833-000-000
- APU
- 12833000000
Description
Sun Center East, located at 101 SE 2nd Place, Gainesville, FL 32601, presents a prime retail opportunity in the heart of downtown. This 72,776 square foot strip center, situated on a 2.5-acre lot, offers flexible space options ideal for a variety of businesses. Built in 1926 and renovated in 1987, the property boasts a blend of historic charm and modern functionality. Currently, there are 10,920 square feet of vacant space available, divisible into units as small as 630 square feet, with a maximum contiguous space of 9,200 square feet. The property is zoned for Central City District (CCD) use within Alachua County and enjoys a highly visible location, conveniently situated near S Main Street. Its central location provides excellent access to foot traffic and offers significant potential for businesses seeking a vibrant and established commercial environment. The property's proximity to the Hippodrome State Theatre further enhances its appeal and visibility. This is an exceptional opportunity to secure retail space in a thriving downtown Gainesville location. The multiple unit availability allows for flexibility in tenant needs and potential for synergistic businesses.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $3,004,314
- 6.5%
- $2,773,212
- 7%
- $2,575,126
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,621,990
- Geo Method
- $1,621,990
-
Alternative Use
- Use
- Valuation
- Residential
- $2,339,308
- Hospitality
- $2,142,794
- Educational
- $1,782,780
- Medical
- $1,844,092
- Retail
- $2,773,212
Location Insight
- City
- Gainesville
- County
- Alachua
- State
- Florida
- Latitude
- 29.649
- Longitude
- -82.3237
- CBSA code
- 23540
- CBSA name
- GAINESVILLE, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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