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500 NW 60th St
Gainesville, FL 32607
Canopy Park · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Prime Location: Across from The Oaks Mall, near the medical center and University of Florida, with excellent access.
- Recent Maintenance: Flat-roof upgraded with a silicone coating in 2024, backed by a 10-year warranty.
- Stable Income: Fully leased property with long-term tenants, generating an annual NOI of $158,241.
EXECUTIVE SUMMARY
This retail center is situated in a prime location directly across from The Oaks Mall, a bustling retail hub with over 100 stores. Its proximity to the North Florida Regional Medical Center and the University of Florida provides excellent visibility and accessibility. Recent upgrades include a silicone-coated roof installed in 2024, backed by a 10-year warranty. This is an exceptional investment opportunity in a growing market. Contact us for more information or to schedule a viewing.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,150 SF
Building Class
C
Year Built
1986
Price
$2,217,960
Price Per SF
$218.52
Cap Rate
7.25%
NOI
$160,802
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.60
Lot Size
0.39 AC
Zoning
BUS - General Business
Parking
75 Spaces (7.39 Spaces per 1,000 SF Leased)
Frontage
144’ on 60TH
AMENITIES
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 06655-202-000 | Improvements Assessment | $1,034,432 |
| Land Assessment | $408,268 | Total Assessment | $1,442,700 |
PROPERTY TAXES
Parcel Number
06655-202-000
Land Assessment
$408,268
Improvements Assessment
$1,034,432
Total Assessment
$1,442,700
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