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Investment Opportunity 2320-2330 NW 13th St 50,000 SF 100% Leased Retail Building Gainesville, FL 32609 $6,250,000 ($125/SF) 6% Cap Rate
Investment Highlights
- Prime location near the University of Florida, within 1 mile of campus
- Dense surrounding population with continued residential growth
- Strategically located along NW 13th Street, a major north-south thoroughfare connecting downtown Gainesville to the University of Florida
- Strong visibility with multiple access points
Executive Summary
Well-positioned commercial property located along NW 13th Street in Gainesville, offering excellent visibility and convenient access to major city corridors. The property is situated approximately 1 mile from the University of Florida, placing it within a high-demand area driven by strong student, medical, and professional traffic.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Department Store
Building Size
50,000 SF
Building Class
B
Year Built
1991
Price
$6,250,000
Price Per SF
$125
Cap Rate
6%
NOI
$375,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.30
Lot Size
3.80 AC
Zoning
MU2
Parking
150 Spaces (3 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signalized Intersection
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $3,505,575 | |
| Land Assessment | $2,202,830 | Total Assessment | $5,708,405 |
Property Taxes
Parcel Numbers
Land Assessment
$2,202,830
Improvements Assessment
$3,505,575
Total Assessment
$5,708,405
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