1529 Main StGainesville, FL 32601

Property Details for 1529 Main St

Lot size

0.38 AC

Zone code

I1

Property type

Land

Property subtype

Other industrial land

APN

15701-009-000

APU

15701009000

Description

This 4,650 square foot warehouse, built in 1965, is situated on a 1.01-acre lot at 1529 S Main St, Gainesville, FL 32601. Currently operating under a modified net lease with a corporate guarantee, the property boasts 100% occupancy with an established tenant in place until 2025. The asking price is $850,000, representing a price per square foot of $182.80 and a 5.29% cap rate. The property generates a net operating income (NOI) of $45,000 annually. Zoned for light industrial use, this versatile space is ideal for a variety of businesses, including breweries, manufacturing, restaurants, or medical facilities. Its prime location offers high visibility with 10,900 AADT, and is within walking distance of Depot Park and a 5-minute drive from Archer and Highway 441. The property benefits from its proximity to the University of Florida, student housing, and UF Health/Shands Hospital, providing excellent access to a large workforce and consumer base. Gainesville's central location offers easy access to Tallahassee, Jacksonville, Orlando, and Tampa, all within a two-hour drive. This is a strong investment opportunity with a stable tenant and significant upside potential.

• Alternative Use

  Use

  Valuation

  Residential

  $4,091,566

  Hospitality

  $3,747,852

  Educational

  $3,118,169

  Medical

  $3,225,408

  Retail

  $4,850,485

Location Insight

City

Gainesville

County

Alachua

State

Florida

Latitude

29.6363

Longitude

-82.3268

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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