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Investment Highlights

  • Prime Grove Street Corridor Location
  • Heavy Weekly Foot Traffic
  • Flexible Urban Commercial Zoning (U6)
  • Incredible Value-Add Opportunity
  • Surrounded by Popular Local Anchors

Executive Summary

Seize the opportunity to invest in this prime commercial property located in the heart of Gainesville's most culturally vibrant neighborhood. Situated on a prominent corner lot along Northwest 10th Avenue, this 6,029-square-foot building offers an incredible blank canvas for an astute investor or visionary operator. With the groundwork laid for a complete transformation, this property is perfectly positioned for a comprehensive renovation that will turn it into a landmark destination.
Grove Street is celebrated for its independent spirit and fiercely loyal community, anchored by neighborhood favorites like the Cypress & Grove Brewing Company and the bustling Grove Street Farmers Market, which draws over 1,000 patrons every week. By revitalizing this space, you'll be tapping into a steady stream of foot traffic and aligning with an audience that actively supports local, unique retail and dining concepts. This is more than just a property; it's a chance to add significant value and become a cornerstone of this thriving cultural corridor.
Flexible Portfolio Expansion: This listing can be acquired individually or bundled as a combined assemblage with 519 NW 10th Ave and 512 NW 9th Ave, creating an unprecedented opportunity to secure a substantial footprint in one of Gainesville's fastest-growing corridors.

Property Facts

Sale Type
Owner User
Sale Condition
Distress Sale
Property Type
Retail
Building Size
6,029 SF
Building Class
C
Year Built
1940
Price
$460,000
Price Per SF
$76.30
Building Height
1 Story
Building FAR
0.48
Lot Size
0.29 AC
Zoning
U6
Frontage
80’ on Northwest 10th Avenue
Moderately walkable
60/100
Fairly drivable
50/100
Some public transit
40/100
Moderately bikeable
70/100

Nearby Major Retailers

Publix
Rent-A-Center
Buddy's Home Furnishings
Zaxby's
Truist
Capital City Bank
Applebee's
CrossFit
Starbucks
Foxtail Coffee Co.

Property Taxes

Property Taxes

Parcel Number
09648-000-000
Land Assessment
$80,847
Improvements Assessment
$157,464
Total Assessment
$238,311
  • Listing ID: 41379719

  • Date on Market: 7/21/2026

  • Last Updated:

  • Address: 509 NW 10th Ave, Gainesville, FL 32601

Contact the Sale Advisor

509 NW 10th Ave

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