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Mixed-Use Corner Lot Opportunity

4016 NW 6TH STREET Gainesville, FL 32609

4016 NW 6TH STREET, Gainesville, FL, 32609
$299,900
Pending
For Sale
Claim this Listing
$299,900
Pending

Mixed Use - GAINESVILLE, FL

Property Size2,703 SF
Lot Size0.36 Acres
AddedDec 2, 2024
Days on Market590
Last RefreshJul 15 at 2:06 pm

Property Features for 4016 NW 6TH STREET

General Information

Property type
Commercial Sale
Property subtype
Mixed Use
Zoning
MU-1
Exterior features
Corner Lot
Appliances
Refrigerator
Standard status
Pending
APN
08046 000 000
Size
2,703 SF
Lot size
0.36 Acres

Taxes and HOA fees

Tax Year
2024
Tax Annual Amount
2408

Utilities

Heating system
Electric (Heating)
Cooling system
Central Air

Building Details

Year built
1929
Building materials
Asbestos, Wood Siding
Roof type
Shingle
Architectural style
Other

Listing agent Dada McGlynn License #3112603

Listing office RE/MAX PROFESSIONALS 4011-C NW 43rd Street, Gainesville, FL

Listing date Dec 2, 2024

MLS# GC526601 Listing URL

Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This mixed-use corner lot, platted as 5 separate lots, presents a rare commercial opportunity. The property benefits from an average daily traffic count of 12,200 and a combined frontage of over 250 feet. The MU-1 zoning allows for a wide range of businesses, including the possibility of a drive-thru, subject to city approval. The property includes a single-family residential building and a store/retail building. The store features an attached large storage area that could potentially be converted into living space or a rental unit, subject to code compliance. The residential building also offers space for reimagining. Alternatively, the buildings could be torn down, and the property redeveloped. The residential building features a new AC unit and original floors. The store includes a walk-in cooler and two additional sets of coolers, along with shelving. The property is located off NW 6th St in GAINESVILLE, FL. The lot size is 0.36 acres, and the property size is 2703 square feet.

Key Highlights

  • High traffic location with an average of 12,200 daily traffic count.
  • Mixed‑Use zoning (MU‑1) offering diverse business possibilities.
  • Large corner lot with 250+ ft combined frontage.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $46.1k $17.04
− Vacancy −$2.8k −$1.02
EGI $43.3k $16.02
− OpEx −$19.5k −$7.21
NOI $23.8k $8.81
2,703 SF · lease $17.04/SF/yr · vacancy 6.00% · expense 45.00%

Alternative Uses

Best Use
Mixed Use
$446.0K
$390.3K – $520.3K (±1% cap)
NOI $31,220 @ 7.0% cap · market cap 10.41%
Second Best
Retail
$409.4K
$358.3K – $477.7K (±1% cap)
NOI $28,660 @ 7.0% cap · market cap 9.56%
Theoretical Best
Office A
$669.5K
$585.8K – $781.1K (±1% cap)
NOI $46,864 @ 7.0% cap · market cap 15.63%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Mixed-use properties

Suggested Use

Real Estate Agency (Bike/Boat/Book/etc) Store Cafe & Coffee Shop (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Bakery Pet Grooming Service (Bike/Boat/Book/etc) Store Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Mixed-use property - Mixed-use corner lot with high traffic and redevelopment potential.
Where is this mixed-use property located?
The property is located at 4016 NW 6TH STREET Gainesville, FL.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: High traffic location with an average of 12,200 daily traffic count.; Mixed‑Use zoning (MU‑1) offering diverse business possibilities.; Large corner lot with 250+ ft combined frontage.
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