201 SE 2nd Ave - Union Street Station 1,742 SF Office/Retail Condo Unit Offered at $545,000 in Gainesville, FL 32601

Unit 113 at 201 SE 2nd Avenue, better known as Union Street Station, offers a compelling choice for both retail businesses and investors seeking to enter or expand in the heart of the vibrant Gainesville market. This rare opportunity allows businesses to join a performing commercial facility with notable co-tenants such as Starbucks, Dragonfly Sushi & Sake Bar, and Mark’s Prime Steakhouse. This 1,742-square-foot ground-floor storefront condo is filled with trendy character and spans two stories, allowing for a variety of flexible configurations. Welcoming customers from across downtown, the suite features an uninterrupted glass storefront with large double doors and robust signage potential. Inside, the lower level delivers a large open space that is ideal for retailers or restaurants, while an open mezzanine features an added functional space that overlooks the main level. The space was improved in 2019 with a new, energy-efficient air conditioning unit. Union Street Station has become downtown Gainesville's most impressive signature building. Union Street Station brings a vibrant mixture of office, retail and restaurants that are topped off with 51 residential condominiums. Completed in 2001, this building features Class A office space with 10-foot ceilings, high-speed internet access, solid core doors, fire sprinkler systems, on-site management, and abundant covered parking in an adjacent parking garage connected via a covered walkway. Drawing impressive customer traffic for tenants, Union Street Station enjoys strategic placement within walking distance of popular restaurants, shops, and nightlife in downtown. The building is directly across the street from the Hippodrome Theatre, and is just a short walk from Bo Diddley Plaza, home to numerous community events. Retailers in the area draw strength from excellent connectivity to the University of Florida and the Innovation District, reachable in just a few minutes. The renowned university is home to a current enrollment of more than 55,000, with an additional 15,000 staff, providing a valuable and consistent built-in audience for local retailers. Attracting added visitor traffic to the property, Union Street Station also sits across from a large public parking garage, attached via a direct skywalk, as well as the 145-room Hyatt Place Gainesville Downtown. In addition to business owners, Unit 113 at Union Street Station presents a valuable upside for investors seeking to tenant the property and capture long-term appreciation potential. Vacancies in the local retail market sit at just 4.3%, while rents are projected to grow between 1% and 2% over the next 12 months. Retailers are attracted to downtown Gainesville by its growing population, sizable workforce, and proximity to a large customer base at the University of Florida. Within 3 miles of the property, more than 6,000 businesses are fueled by a growing population of over 48,000 that produced more than $398 million in annual consumer spending. Whether an ambitious retail business seeking the perfect new home to grow, or a savvy investor seeking to capitalize on a performing retail market, Unit 113 at Union Street Station offers the perfect choice to establish a foothold in downtown Gainesville.