1614 W University Ave | Gainesville, FL 32603
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1614 W University Ave
Gainesville, FL 32603
University of Florida Trophy Site · Retail Property For Sale
Property Facts
Property Type
Retail
Property Subtype
Convenience Store
Building Size
11,500 SF
Building Class
B
Year Built/Renovated
1959/2020
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.06
Lot Size
0.25 AC
Zoning
MU1
Frontage
Amenities
- Bus Line
- Signage
About 1614 W UNIVERSITY AVE , GAINESVILLE, FL 32603
The site is brand-new construction trophy real estate located on the UF campus in Gainesville, which is home to more than 55,000 students and 14,000 employees. The multi-tenant property includes a Wawa convenience store on the first floor and a medical marijuana dispensary on the second floor, as well as a bank ATM. Each tenant's 10-year lease is backed by a strong corporate guarantee. The leases feature scheduled rental increases every five years within both the base term and option periods.
Property Taxes
| Parcel Number | 14970-000-000 | Improvements Assessment | $1,763,426 |
| Land Assessment | $1,143,450 | Total Assessment | $2,906,876 |
Property Taxes
Parcel Number
14970-000-000
Land Assessment
$1,143,450
Improvements Assessment
$1,763,426
Total Assessment
$2,906,876
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