516 75Th StGainesville, FL 32607

Property Details for 516 75Th St

Year built

1974

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.60 AC

Property size (Sq ft)

4,686 SF

Zone code

BH

Property type

Retail space

APN

06656-002-007

APU

6656002007

Description

This exceptional commercial property at 516 NW 75th St, Gainesville, FL 32607, offers 1,148 square feet of versatile space ideal for a single-tenant occupancy. Situated on the bustling Tower Road corridor, this unit boasts excellent signage visibility, ensuring high exposure for your business. Ample parking is readily available for clients and employees, providing a convenient and accessible location. The property's strategic location offers easy access to I-75 and other key amenities, enhancing its appeal and accessibility. The interior features an open floor plan, perfect for customization to suit various business needs, along with a convenient bathroom. Previously utilized as a showroom, this space presents a blank canvas for your vision. The property type is listed as both Office and Land, suggesting potential for further development or expansion. This single-suite building presents a unique opportunity for businesses seeking a high-profile location with excellent visibility and convenient access to major transportation routes. The property's location in Gainesville, Florida, offers a thriving market with a diverse range of businesses and a strong local economy. This is a rare opportunity to secure a well-positioned commercial space in a desirable area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,487,554

  6.5%

  $1,373,127

  7%

  $1,275,046

• Comparable approach

  Method

  Valuation

  Relative Method

  $803,111

  Geo Method

  $803,111

• Alternative Use

  Use

  Valuation

  Residential

  $1,158,284

  Hospitality

  $1,060,982

  Educational

  $882,724

  Medical

  $913,083

  Retail

  $1,373,127

Location Insight

City

Gainesville

County

Alachua

State

Florida

Latitude

29.6575

Longitude

-82.4228

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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