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    Gainesville Retail Investment Opportunity

    618 NW 60TH STREET Gainesville, FL 32607

    618 NW 60TH STREET, Gainesville, FL, 32607
    $4,900,000
    For Sale
    Claim this Listing
    $4,900,000

    Retail - GAINESVILLE, FL

    Property Size23,674 SF
    Lot Size2.27 Acres
    Price / SF$206.98
    AddedFeb 9
    Days on Market156
    Last RefreshJul 15 at 7:06 pm

    Property Features for 618 NW 60TH STREET

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    BUS
    Security features
    Fire Alarm, Smoke Detector(s)
    Exterior features
    Paved
    Standard status
    Active
    APN
    06655-002-009
    Size
    23,674 SF
    Lot size
    2.27 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    74977.15

    Utilities

    Heating system
    Central, Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1996
    Number of units
    8
    Flooring type
    Tile, Tile - Ceramic, Vinyl
    Building materials
    Block, Concrete, Stucco
    Roof type
    Built-Up
    Architectural style
    Other

    Listing agent Dawn Johnson License #3100360

    Listing office FIRST CHOICE REALTY OF NORTH FLORIDA LLC 414 SW 140 TER #120, Gainesville, FL

    Listing date Feb 9, 2026

    MLS# GC537245 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.

    Located at 618 NW 60th St in Gainesville, Florida, this income-producing retail investment is an established, fully leased shopping center. The property is positioned just off Newberry Road, behind McDonald’s and adjacent to Hobby Lobby, in close proximity to Oaks Mall and the University of Florida. The location benefits from strong traffic counts, excellent surrounding retail, and a highly desirable Northwest Gainesville location. The center features a stable and diversified rent roll with long-standing national and regional tenants including McAlister’s Deli, The HoneyBaked Ham Company, Blackadder Brewing Company, and Painting with a Twist, along with additional service and food-related users. Tenant longevity and brand recognition contribute to consistent income performance and reduced vacancy risk. Situated on approximately 2.27 acres, the property totals approximately 23,364 square feet of retail space and is 100% occupied at the time of listing. The location offers convenient access to I-75 and is surrounded by major employment drivers and demand generators including North Florida Regional Medical Center, BJ’s Restaurant, Oaks Mall, and numerous retail, dining, and service establishments. It is zoned BUS. This offering presents an opportunity to acquire a stabilized retail asset with in-place cash flow in a strong Gainesville submarket, well-suited for investors seeking reliable income, long-term tenant stability, and exposure to a high-demand commercial corridor.

    Key Highlights

    • Fully leased retail shopping center providing immediate income.
    • Located in a high‑traffic, desirable Northwest Gainesville location near Newberry Road, Oaks Mall, and the University of Florida.
    • Stable and diversified rent roll with long‑standing national and regional tenants (McAlister’s Deli, HoneyBaked Ham, etc.).

    Local Financial Insights For Retail

    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 $383.5k $16.20
    − Vacancy −$24.9k −$1.05
    EGI $358.6k $15.15
    − OpEx −$107.6k −$4.54
    NOI $251.0k $10.60
    23,674 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $3.59M
    $3.14M – $4.18M (±1% cap)
    NOI $251,013 @ 7.0% cap · market cap 5.12%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $5.86M
    $5.13M – $6.84M (±1% cap)
    NOI $410,450 @ 7.0% cap · market cap 8.38%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Gatorbrite Teeth Whitening Dental Office McAlister's Deli Take-out & Catering The Honey Baked Ham ... Take-out & Catering The Abbey at Blackadder Hotel & Motel Waffle America LLC Restaurant

    Suggested Use

    Real Estate Agency Building Supply Auto Repair Shop Big Box & Wholesale Store Auto Parts Store HVAC Service Kitchen & Bath Showroom Electrical Service Storage Facility Garden Center

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

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    Similar Off Market Nearby

    • Tower Center — NW 4th Blvd, Gainesville, FL 32607
    • Oaks Square — 6837 W Newberry Rd, Gainesville, FL 32605
    • Sunglass Hut — 6241 W Newberry Rd, Gainesville, FL 32605
    • The Oaks Mall — 6419 W Newberry Rd, Gainesville, FL 32605
    • Hobby Box Cards | Vending Machine — 6419 W Newberry Rd, Gainesville, FL 32605

    FAQs

    What type of property is this?
    Shopping center - Fully leased shopping center in a desirable Gainesville location.
    Where is this shopping center located?
    The property is located at 618 NW 60TH STREET Gainesville, FL.
    What is the asking price?
    The asking price for this property is $4,900,000.
    What are key features of this property?
    This property features: Fully leased retail shopping center providing immediate income.; Located in a **high‑traffic, desirable Northwest Gainesville location** near Newberry Road, Oaks Mall, and the University of Florida.; Stable and diversified rent roll with long‑standing national and regional tenants (McAlister’s Deli, HoneyBaked Ham, etc.).
    Contact an agent
    (352) 514-9508
    We can help!
    Contact an agent
    Dawn Johnson
    Dawn Johnson
    Real Estate License ID: 3100360
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