5214 91St WayGainesville, FL 32608

Property Details for 5214 91St Way

Year built

2006

Construction

WOOD

Lot size

0.06 AC

Property size (Sq ft)

1,485 SF

Zone code

PD

Property type

Office buildings

APN

06860-400-028

APU

6860400028

Description

This exceptional mixed-use property, situated in the desirable Haile Village Center of Gainesville, Florida's Haile Plantation, presents a compelling investment opportunity. The 3,150 square foot building sits on a 0.06-acre lot and boasts two ground-floor commercial spaces and two upstairs residential apartments, each with private access. Currently, one commercial space is occupied by a thriving nail salon under lease, while the second is undergoing renovation for short-term rental use, offering flexibility for future owners or tenants. The two one-bedroom, one-bathroom apartments feature high ceilings, large windows, beautiful wood floors (living areas), and tile floors in the bathrooms. All appliances are included. One apartment is currently rented furnished, with furnishings negotiable. The property enjoys a tranquil setting, backing onto a greenspace and walking path, ensuring privacy. Ample open parking is available. The HOA maintains exterior landscaping and common areas, minimizing owner responsibilities. Tenants are responsible for all utilities. Its convenient location offers easy access to the University of Florida via bus or a short drive, and is also close to the shopping and dining options of Celebration Pointe and Butler Plaza. The asking price is $760,000.

• CAP approach

  CAP return

  Valuation

  6%

  $363,444

  6.5%

  $335,487

  7%

  $311,523

• Comparable approach

  Method

  Valuation

  Relative Method

  $100,995

  Geo Method

  $100,995

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $655,616

  Retail / Commercial

  $337,152

  Mixed-Use / Specialty

  $336,703

  Hospitality / Lodging

  $248,008

  Institutional / Educational

  $350,304

  Residential Income

  $409,856

  Multifamily

  $487,385

  Automotive / Energy

  $300,261

  Parking / Income-Based Land

  $102,872

  Restaurant / Food Service

  $176,728

  Healthcare / Senior Housing

  $344,510

Location Insight

City

Gainesville

County

Alachua

State

Florida

Latitude

29.6061

Longitude

-82.4398

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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