1499 74Th DrGainesville, FL 32607

Property Details for 1499 74Th Dr

Year built

2022

Construction

WOOD

Lot size

0.07 AC

Property size (Sq ft)

3,002 SF

Zone code

MU2

Property type

Office buildings

APN

06676-011-007

APU

6676011007

Description

This exceptional 3,002 square foot Class B office building, constructed in 2022, is situated on a 1.29-acre lot in Gainesville, Florida's bustling Markets West Commercial Park. The single-story building features a versatile layout, including approximately six individual offices, ample open-plan desk space for collaborative work, a 10-person conference room, a break room, and storage. Its design caters to businesses seeking a blend of private and shared work areas. Located at 1499 SW 74th Dr, Gainesville, FL 32607 (APN: 06676-011-007), this property boasts excellent accessibility, being just 2.5 miles from major highways, ensuring easy commuting for employees. The surrounding area offers a wealth of amenities, including cafes, restaurants, a gym, and gas stations, enhancing convenience and work-life balance. The property is zoned CP - Commercial and is available for sale by owner, with an occupancy date of October 7, 2024. This move-in ready space presents a fantastic opportunity for businesses seeking a modern, well-located office in a thriving commercial park, offering excellent connectivity to Tower Rd, Newberry Rd, Archer Rd, and I-75. The property is ideal for both use and investment.

• CAP approach

  CAP return

  Valuation

  6%

  $648,282

  6.5%

  $598,414

  7%

  $555,670

• Comparable approach

  Method

  Valuation

  Relative Method

  $204,166

  Geo Method

  $204,166

• Alternative Use

  Use

  Valuation

  Residential

  $742,033

  Hospitality

  $679,699

  Educational

  $565,501

  Medical

  $584,950

  Retail

  $879,669

Location Insight

City

Gainesville

County

Alachua

State

Florida

Latitude

29.6392

Longitude

-82.4213

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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