101 2Nd PlGainesville, FL 32601

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

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.

• 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

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