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1017 W University Ave 10,677 SF 75% Leased Retail Building Gainesville, FL 32601 $5,164,904 CAD ($483.74 CAD/SF)
INVESTMENT HIGHLIGHTS
- Heavy Daytime Traffic
- Yards away from University of Florida
- High residency in surrounding area
- Thriving existing businesses
EXECUTIVE SUMMARY
Prime commercial property located at 1011-1017 W University Ave, Gainesville, FL 32601, just two blocks from the University of Florida campus. This property boasts an impressive average daily traffic (ADT) count of over 24,000 vehicles, ensuring exceptional visibility for any business. The 10,803 sq ft building, constructed in 1964, sits on a 0.25-acre lot and is currently home to thriving establishments such as Tikka Express, a popular Indian restaurant known for its authentic cuisine; Mom's OG, a classic Irish sports bar and grill celebrated for its friendly atmosphere and delicious food; and The Laptop Repair of Gainesville, a computer repair store.
The property's prime location on W University Avenue places it in the heart of Gainesville's bustling commercial district, surrounded by a variety of dining, retail, and entertainment options. Its close proximity to the University of Florida ensures a steady flow of foot and vehicular traffic, making it an ideal investment opportunity for businesses seeking high exposure. With U9 zoning and reliable tenants in place, this property offers both immediate income potential and future development possibilities.
Don't miss the chance to secure a prime piece of Gainesville real estate in a thriving community.
The property's prime location on W University Avenue places it in the heart of Gainesville's bustling commercial district, surrounded by a variety of dining, retail, and entertainment options. Its close proximity to the University of Florida ensures a steady flow of foot and vehicular traffic, making it an ideal investment opportunity for businesses seeking high exposure. With U9 zoning and reliable tenants in place, this property offers both immediate income potential and future development possibilities.
Don't miss the chance to secure a prime piece of Gainesville real estate in a thriving community.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,677 SF
Building Class
B
Year Built/Renovated
1964/2000
Price
$5,164,904 CAD
Price Per SF
$483.74 CAD
Percent Leased
75%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.98
Lot Size
0.25 AC
Opportunity Zone
Yes
Zoning
U9 - Urban Mixed-Use High-Intensity
Parking
18 Spaces (1.69 Spaces per 1,000 SF Leased)
Frontage
91’ on Florida 24
AMENITIES
- Bus Line
- Signage
Walk Score®
Walker's Paradise (92)
Bike Score®
Biker's Paradise (99)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 13213-000-000 | Improvements Assessment | $952,613 CAD |
| Land Assessment | $1,602,751 CAD | Total Assessment | $2,555,364 CAD |
PROPERTY TAXES
Parcel Number
13213-000-000
Land Assessment
$1,602,751 CAD
Improvements Assessment
$952,613 CAD
Total Assessment
$2,555,364 CAD
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Presented by
Broxson Real Estate Group
1017 W University Ave
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