15634 Us Highway 441Alachua, FL 32615

Property Details for 15634 Us Highway 441

Year built

2008

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.96 AC

Property size (Sq ft)

7,500 SF

Zone code

CBD

Property type

Retail properties

Property subtype

Community centers

APN

03869-011-000

APU

3869011000

Description

This exceptional retail opportunity encompasses a 17,190 square foot center situated on 1.97 acres at 15634 NW US Hwy 441 in Alachua, Florida, 32616. The property, built in 2008 and classified as Class B, features three buildings with ample parking (20+ spaces). Multiple tenancy options are available, with a minimum divisible space of 1,200 square feet and currently 4,080 square feet vacant. Units range in size from 1,200 to 1,620 square feet. The property boasts a highly desirable location, minutes from I-75, offering easy access to Gainesville and surrounding areas. Large storefront windows provide abundant natural light, and the open floor plans are ideal for a variety of retail uses. Excellent signage opportunities are available. The property is zoned CBD and its address is further identified by the cross street NW 147th DR. The property's APN is 03869-011-000. This thriving retail center is already home to a diverse range of established businesses, including Moe's Southwest Grill, South Beach Tanning Company, One Stop Medical and Urgent Care, Dominoes, TB Goods, Mi Apa Latin Cafe, and Life South Community Blood Centers. Lease rates are based on five-year lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $2,380,849

  6.5%

  $2,197,706

  7%

  $2,040,728

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,285,389

  Geo Method

  $1,285,389

• Alternative Use

  Use

  Valuation

  Residential

  $1,853,848

  Hospitality

  $1,698,114

  Educational

  $1,412,811

  Medical

  $1,461,400

  Retail

  $2,197,706

Location Insight

City

Alachua

County

Alachua

State

Florida

Latitude

29.7981

Longitude

-82.5022

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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