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1000 NE 16th Ave
Gainesville, FL 32601
NorthGate Campus · Office Property For Sale
Investment Highlights
- FAVORABLE ZONING: Zoning is MU-1 which allows for a myriad of development opportunities.
- Seller Financing Available!!!
- OPPORTUNITY ZONE: The property is located in a Qualified Opportunity Zone which offers investors Capital Gains Tax Incentives.
- HIGH YIELDING: Property has a near double digit return with strong credited long-term tenants.
- COVERED LAND PLAY OPPORTUNITY: High yielding return sitting on ±8.38 acres within close proximity to the school.
- TAX FREE STATE: Florida is one of nine (9) Income Tax Free States
Executive Summary
Broker Opinion of Value | Kyle Matthews | License No. CQ1052263 (FL)
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
81,066 SF
Building Class
C
Year Built
1983
Price
$9,300,000
Price Per SF
$114.72
Cap Rate
10.94%
NOI
$1,016,965
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
81,066 SF
Building FAR
1.00
Lot Size
1.86 AC
Opportunity Zone
Yes
Zoning
MU1 - Commercial Business
Parking
52 Spaces (0.64 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 10615-001-000 | Improvements Assessment | $6,872,772 |
| Land Assessment | $352,535 | Total Assessment | $7,225,307 |
Property Taxes
Parcel Number
10615-001-000
Land Assessment
$352,535
Improvements Assessment
$6,872,772
Total Assessment
$7,225,307
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