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620 NW 16th Ave
Gainesville, FL 32601
Office Property For Sale


Investment Highlights
- NEW U-6 (Urban Mixed-Use) zoning allowing retail, restaurant, indoor recreation, and diverse commercial uses
- Located minutes from the University of Florida
- Value-add opportunity with lease-up, repositioning, or redevelopment potential
- ositioned within an established and growing commercial corridor
Executive Summary
620 NW 16th Ave presents a rare opportunity to acquire or lease a 12,132 SF freestanding commercial building located within one of Gainesville’s established and evolving corridors, just minutes from the University of Florida. The property is currently vacant, offering immediate flexibility for an owner-user, investor, or tenant.
The asset benefits from updated U-6 (Urban Mixed-Use) zoning, allowing for a broad range of permitted uses including retail, restaurant, indoor recreation, farmers market concepts, as well as medical, educational, veterinary, and professional services. This expanded use flexibility significantly enhances the property’s adaptability, lease-up potential, and long-term redevelopment upside.
The building features a functional and adaptable layout, strong street visibility, ample parking, and prominent signage opportunities. A professionally designed exterior mural enhances curb appeal and creates a distinctive presence along the corridor.
Recent improvements to key building systems contribute to improved operational efficiency and reduce near-term capital requirements. The space is well-suited for a variety of users and can accommodate customization depending on use and tenancy needs.
Ownership is open to both sale or lease opportunities, providing flexibility based on buyer or tenant needs, term, and occupancy timing.
Strategically located in close proximity to the University of Florida and surrounding demand drivers, the property benefits from strong accessibility, visibility, and long-term growth fundamentals within the Gainesville market.
The asset benefits from updated U-6 (Urban Mixed-Use) zoning, allowing for a broad range of permitted uses including retail, restaurant, indoor recreation, farmers market concepts, as well as medical, educational, veterinary, and professional services. This expanded use flexibility significantly enhances the property’s adaptability, lease-up potential, and long-term redevelopment upside.
The building features a functional and adaptable layout, strong street visibility, ample parking, and prominent signage opportunities. A professionally designed exterior mural enhances curb appeal and creates a distinctive presence along the corridor.
Recent improvements to key building systems contribute to improved operational efficiency and reduce near-term capital requirements. The space is well-suited for a variety of users and can accommodate customization depending on use and tenancy needs.
Ownership is open to both sale or lease opportunities, providing flexibility based on buyer or tenant needs, term, and occupancy timing.
Strategically located in close proximity to the University of Florida and surrounding demand drivers, the property benefits from strong accessibility, visibility, and long-term growth fundamentals within the Gainesville market.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
13,512 SF
Building Class
C
Year Built
1971
Price
$2,913,729 CAD
Price Per SF
$215.64 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
12,120 SF
Building FAR
0.26
Lot Size
1.20 AC
Zoning
Commercial - U6, Restaurant, In-door Recreation, Retail, Medical, Office, Vet Services, Farmers Market, and more
Parking
40 Spaces (3.3 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Wheelchair Accessible
- Air Conditioning
Property Taxes
| Parcel Number | 09938-000-000 | Improvements Assessment | $1,150,633 CAD |
| Land Assessment | $445,869 CAD | Total Assessment | $1,596,502 CAD |
Property Taxes
Parcel Number
09938-000-000
Land Assessment
$445,869 CAD
Improvements Assessment
$1,150,633 CAD
Total Assessment
$1,596,502 CAD
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