109 Main StGainesville, FL 32601

Property Details for 109 Main St

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.09 AC

Property size (Sq ft)

6,000 SF

Zone code

DT

Property type

Turn key restaurants

APN

14582-000-000

APU

14582000000

Description

This exceptional 6,000-square-foot, two-story building at 109 S Main St, Gainesville, FL 32601, is a fully renovated, turnkey bar and restaurant currently operating as Brennan's Irish Pub. The property, situated on a 0.09-acre lot in Alachua County, boasts a newly improved asking price of $2,750,000 ($458.33/sq ft). Built in 1900 and extensively renovated in 2023, the property features a brand-new kitchen, two custom-built bars, four ADA-compliant bathrooms, a second-floor balcony, and private alleyway access. Significant upgrades include a new roof (2023) and four new HVAC units (2023) for the ground floor. All fixtures, furniture, and equipment (FF&E), including custom furniture, bar tap equipment, new kitchen appliances, a security system, and POS systems, are included in the sale. The property is zoned DT and offers exceptional ADA accessibility. Its prime downtown location is less than a mile from the University of Florida campus. A 4COP (full liquor license) is also available and included with the sale. This is a rare opportunity to acquire a thriving, fully equipped establishment in a high-demand area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,904,679

  6.5%

  $1,758,165

  7%

  $1,632,582

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,028,311

  Geo Method

  $1,028,311

• Alternative Use

  Use

  Valuation

  Residential

  $1,483,078

  Hospitality

  $1,358,492

  Educational

  $1,130,249

  Medical

  $1,169,120

  Retail

  $1,758,165

Location Insight

City

Gainesville

County

Alachua

State

Florida

Latitude

29.6507

Longitude

-82.3247

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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