1947 Main StGainesville, FL 32609

Property Details for 1947 Main St

Year built

1975

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.63 AC

Property size (Sq ft)

3,976 SF

Zone code

BUS

Property type

Retail properties

Property subtype

Retail space

APN

10072-002-002

APU

10072002002

Description

This prominent 3,976 square foot storefront building is situated on a 0.63-acre lot at 1947 N Main St, Gainesville, FL 32609. Boasting over 150 linear feet of frontage, this single-story, 1975-built structure benefits from high visibility and exceptional daily traffic counts exceeding 15,000 vehicles. The property's BUS zoning offers versatile usage options, including automotive sales/rentals, restaurants (with drive-thru potential), car washes, light assembly, and various retail businesses. Its strategic location places it amidst Gainesville's premier dealerships and successful retail centers, and it enjoys close proximity to downtown Gainesville and the University of Florida. The building is currently vacant, presenting a unique owner/user opportunity. The asking price is $750,000, translating to $188.63 per square foot. The Alachua County APN is 10072-002-002. This is a rare opportunity to acquire a well-positioned retail space in a thriving Gainesville market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,262,167

  6.5%

  $1,165,078

  7%

  $1,081,858

• Comparable approach

  Method

  Valuation

  Relative Method

  $681,428

  Geo Method

  $681,428

• Alternative Use

  Use

  Valuation

  Residential

  $982,786

  Hospitality

  $900,227

  Educational

  $748,978

  Medical

  $774,737

  Retail

  $1,165,078

Location Insight

City

Gainesville

County

Alachua

State

Florida

Latitude

29.6704

Longitude

-82.3229

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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