209 75Th StGainesville, FL 32607

Property Details for 209 75Th St

Year built

2022

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.87 AC

Property size (Sq ft)

6,604 SF

Zone code

BR

Property type

Community centers

APN

06655-021-000

APU

6655021000

Description

This exceptional 2,100± square foot restaurant space presents a unique opportunity in Gainesville, Florida. Located at 209 NW 75th St, 32607, this single-tenant property boasts a prime location within the thriving Tower Center shopping center. The building, a recent addition, offers excellent synergy with established businesses such as Home Depot, Restaurant Depot, Pizza Hut, and more. The space itself is a turn-key, second-generation restaurant, complete with a convenient drive-thru and a 300± square foot covered patio, perfect for outdoor dining. Situated on Tower Road, this property benefits from exceptional visibility and high traffic counts, capturing the daily flow of employees from nearby Tower Hill Office Park and the Tower Center, as well as the significant traffic on Newberry Road, home to Oaks Mall and North Florida Regional Hospital. The 7,000± square foot building provides ample space and the property's location ensures strong potential for capturing a large customer base. This is an ideal opportunity for a restaurant operator seeking a well-established and highly visible location in a bustling commercial area. The property is located in Alachua County.

• CAP approach

  CAP return

  Valuation

  6%

  $2,096,417

  6.5%

  $1,935,154

  7%

  $1,796,929

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,131,828

  Geo Method

  $1,131,828

• Alternative Use

  Use

  Valuation

  Residential

  $1,632,375

  Hospitality

  $1,495,246

  Educational

  $1,244,028

  Medical

  $1,286,812

  Retail

  $1,935,154

Location Insight

City

Gainesville

County

Alachua

State

Florida

Latitude

29.6545

Longitude

-82.4219

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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