808 University AveGainesville, FL 32601

Property Details for 808 University Ave

Year built

1958

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.06 AC

Property size (Sq ft)

1,420 SF

Zone code

U9

Property type

Retail properties

Property subtype

Turn key restaurants

APN

13689-001-000

APU

13689001000

Description

This exceptional 1,420-square-foot restaurant space presents a unique opportunity in Gainesville, Florida. Located at 808 W University Ave, this single-tenant property boasts a prime location within walking distance of the University of Florida and its extensive student housing, ensuring a high volume of potential customers. The property sits on a 0.06-acre lot and includes ample parking with 20 spaces. The building is zoned U9, and the APN is 13689-001-000. This turnkey restaurant is ready for immediate occupancy, eliminating the need for extensive renovations. The property's convenient location, combined with its readily available space, makes it an ideal investment for established restaurant operators or aspiring entrepreneurs seeking a thriving business environment. The property's size and layout are well-suited for a variety of restaurant concepts, offering flexibility for customization. With its proximity to a large student population and high foot traffic, this restaurant space offers significant potential for success. The property is available for lease or sale. Interested parties should inquire for further details regarding lease terms and sale price. The cross street is University Ave, and the property is situated in the 32601 zip code.

• CAP approach

  CAP return

  Valuation

  6%

  $450,774

  6.5%

  $416,099

  7%

  $386,378

• Comparable approach

  Method

  Valuation

  Relative Method

  $243,367

  Geo Method

  $243,367

• Alternative Use

  Use

  Valuation

  Residential

  $350,995

  Hospitality

  $321,510

  Educational

  $267,492

  Medical

  $276,692

  Retail

  $416,099

Location Insight

City

Gainesville

County

Alachua

State

Florida

Latitude

29.6524

Longitude

-82.3332

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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