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1702 W University Ave
Gainesville, FL 32603
Tatu Lounge · Property For Lease

Property Facts

Property Type Retail
Property Subtype Storefront Retail/Office
Gross Leasable Area 14,211 SF
Total Land Area 0.50 AC
Year Built 1978
Parking Ratio 1.75/1,000 SF

About the Property

**Leasing opportunity only available w/ purchase of business-- listed at 299k** Extremely rare opportunity to own popular Bar/Restaurant (w/ 4COP Liquor License) in the heart of Mid-Town and across the street from Gainesville's most iconic restaurant, The Swamp. Located in UF Plaza, and less than 1 block away from UF Campus/Stadium, and steps away from a new 589 bed student housing project, This turn key operation had a complete $300k+ renovation within last 2 yrs.Updates include; New Sprinkler system, HVAC, Plumbing, Electrical, Hood system,Walk in cooler, Bathrooms, and all new FF&E. With over 13 years of lease remaining and 12+ yrs of good will, this popular venue has great name recognition perfect for new Owner/Operator. The rarely vacant UF Plaza is located in area w/ highest pedestrian density in all of Gville w/ over 19,000 students living in less than a 1 mile radius, which makes leasing opportunities almost unheard of. UF Plaza also has ample parking (very rare). Current occupancy 112+/- with potential to go up to 250+ w/layout change. Business has great revenue and comes with full Liquor License which has been Grandfathered in for this location! Click VT link for video of inside. Call Jordan for more info/showing 941-232-6888

  • Bus Line
  • Listing ID: 18487452

  • Date on Market: 2/11/2020

  • Last Updated:

  • Address: 1702 W University Ave, Gainesville, FL 32603

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