101 2Nd PlGainesville, FL 32601

  • Retail properties
  • 9,464 SF
For Lease

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
101 2Nd Pl, Gainesville, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$156,837
$3,219,277
$5,715,823
$8,935,100
-
$3,219,277
$5,715,823
$8,935,100

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].