118 8Th AveGainesville, FL 32601

Property Details for 118 8Th Ave

Year built

1957

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.95 AC

Property size (Sq ft)

22,610 SF

Zone code

U8

Property type

Industrial properties

Property subtype

Other warehouses

APN

10036-000-000

APU

10036000000

Description

This exceptional 28,000-square-foot flex space property, formerly an Advance Auto Parts, presents a unique opportunity in Gainesville, Florida. Situated on a one-acre lot at 118 NW 8th Ave, this single-story, Class B building boasts 14-foot ceilings and offers significant flexibility for diverse business needs. The property features two suites, each approximately 14,000 square feet, with a minimum divisible space of 3,000 square feet. Currently, one unit has 4,000 square feet of restaurant space available. The second unit, a former office furniture store, offers approximately 4,000 square feet of showroom space and 9,000 square feet of warehouse space, ready for immediate occupancy. The warehouse areas include skylights, multiple roll-up doors, and sections with 60-foot clear spans and 16-foot bottom truss heights. The property benefits from 28 parking spaces and four drive-ins. Located in the Grove Street submarket, this highly visible location on NW 6th St, with NW 4th Ave as a cross street, enjoys a prominent frontage and benefits from high traffic counts (17,200 ADT in 2019). The U8 zoning allows for a wide range of uses, including flex space, office, retail, distribution, and more. Its proximity to downtown Gainesville, the University of Florida, and the Santa Fe College expansion makes it an exceptionally desirable location. The surrounding area is experiencing significant growth, with nearby amenities including restaurants, breweries, and entertainment venues. This property is available for lease.

• Alternative Use

  Use

  Valuation

  Residential

  $5,588,733

  Hospitality

  $5,119,249

  Educational

  $4,259,156

  Medical

  $4,405,634

  Retail

  $6,625,352

Location Insight

City

Gainesville

County

Alachua

State

Florida

Latitude

29.6596

Longitude

-82.3262

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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