2970 50Th TerGainesville, FL 32608

Property Details for 2970 50Th Ter

Year built

2017

Construction

STEEL FRAME

Lot size

0.84 AC

Property size (Sq ft)

24,068 SF

Property type

Office properties

Property subtype

Office buildings

APN

06828-002-000

APU

6828002000

Description

This stunning, three-story, 65,260-square-foot Class A office building in Gainesville, Florida's Celebration Pointe, is offered for $17,500,000. Built in 2017, this single-tenant property sits on 0.84 acres and boasts a LEED Gold certification, reflecting its commitment to sustainability. Features include a striking two-story oval lobby with floor-to-ceiling windows, a 2,400-square-foot green roof, and a rooftop solar array generating 20% of the building's electricity. The building offers a mix of open collaborative spaces and private offices, including 25 private offices on the third floor, along with a large executive conference room and a spectacular 7,352-square-foot terrace with panoramic views. Amenities include a state-of-the-art digital room scheduling system, sound masking, controlled access, and ample parking in adjacent garages. The first floor encompasses 24,068 square feet and includes a reception area, canteen/breakroom, and a lobby sitting area. The second floor, at 23,768 square feet, features a curved balcony overlooking the lobby. The property is zoned TOD and enjoys convenient access to I-75, Archer Road, and Butler Plaza. Furniture is included in the sale. This exceptional property offers a unique blend of modern design, functionality, and sustainability in a prime location with walkable access to restaurants, shopping, and entertainment. The property's location also benefits from protected land behind the building, ensuring no future development will obstruct the views. High-quality materials were used throughout the construction, including low or no VOC paint and flooring adhesives, and Florida-friendly landscaping. On-building signage is also available.

• CAP approach

  CAP return

  Valuation

  6%

  $5,197,484

  6.5%

  $4,797,678

  7%

  $4,454,987

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,636,865

  Geo Method

  $1,636,865

• Alternative Use

  Use

  Valuation

  Residential

  $5,949,121

  Hospitality

  $5,449,362

  Educational

  $4,533,806

  Medical

  $4,689,730

  Retail

  $7,052,587

Location Insight

City

Gainesville

County

Alachua

State

Florida

Latitude

29.6256

Longitude

-82.3975

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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