310 6Th StGainesville, FL 32601

Property Details for 310 6Th St

Year built

1971

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.36 AC

Property size (Sq ft)

2,160 SF

Zone code

U8

Property type

Retail properties

Property subtype

Gas stations

APN

13636-000-000

APU

13636000000

Description

This exceptional mixed-use property, located at 310 NW 6th St, Gainesville, FL 32601, presents a unique investment opportunity. The 2,880 square foot building, constructed in 1971, sits on a 0.36-acre lot and boasts 2,880 square feet of air rights. Its prime location in Gainesville offers exceptional visibility and accessibility, with an average daily traffic count of 12,000 vehicles. The property is situated just 0.7 miles from the University of Florida and adjacent to Santa Fe College, ensuring high foot and vehicle traffic. The asking price is $1,300,000. The property's strategic location offers significant potential for various development options, including multi-unit housing or office spaces. An adjoining 0.10-acre vacant lot, located next to Santa Fe College, is available for an additional $180,000, providing further expansion possibilities. The existing mechanic shop and equipment are negotiable as part of the sale. This property is a rare find in a highly sought-after area, offering substantial potential for growth and return on investment. The Alachua County APN is 13630-000-000. The property features 100 feet of road frontage on NW 6th Street. This is a private sale; there is no sign on the property.

• CAP approach

  CAP return

  Valuation

  6%

  $685,684

  6.5%

  $632,940

  7%

  $587,730

• Comparable approach

  Method

  Valuation

  Relative Method

  $370,192

  Geo Method

  $370,192

• Alternative Use

  Use

  Valuation

  Residential

  $533,908

  Hospitality

  $489,057

  Educational

  $406,890

  Medical

  $420,883

  Retail

  $632,940

Location Insight

City

Gainesville

County

Alachua

State

Florida

Latitude

29.6543

Longitude

-82.3311

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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