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1201 E University Ave 13,904 SF Retail Building Gainesville, FL 32641 $2,500,000 ($179.80/SF)
Investment Highlights
- Located on a high-traffic corridor in Downtown Gainesville, providing exceptional frontage and visibility along E University Avenue
- Situated within a federally designated Opportunity Zone, allowing potential investors to benefit from significant tax incentives
- Zoned MU-1, supporting diverse commercial and industrial uses such as last-mile distribution, automotive services, or microbrewery operations
Executive Summary
Prime commercial/industrial opportunity located on a high-traffic avenue in Gainesville with excellent visibility and accessibility. The property is suitable for a wide variety of commercial and industrial uses, making it ideal for owner-users or investors. The site also includes two fully remodeled 2-bedroom apartments, offering additional income potential or on-site housing for management or employees.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
13,904 SF
Building Class
C
Year Built
1936
Price
$2,500,000
Price Per SF
$179.80
Tenancy
Single
Building Height
1 Story
Building FAR
0.36
Lot Size
0.88 AC
Opportunity Zone
Yes
Zoning
MU-1 - Zoned or various Commercial and Industrial uses such as last mile distribution, micro brewery, automotive use, etc.
Parking
14 Spaces (1.48 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
Fairly walkable
50/100
Moderately drivable
60/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 11561-000-000 | Improvements Assessment | $446,039 |
| Land Assessment | $766,656 | Total Assessment | $1,212,695 |
Property Taxes
Parcel Number
11561-000-000
Land Assessment
$766,656
Improvements Assessment
$446,039
Total Assessment
$1,212,695
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1201 E University Ave
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