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1241 NW 50Th Ave Gainesville, FL 32609

For Sale
$1,100,000

Storage facility near University of Florida with expansion potential.

Property size:
11,980 SF
Lot size:
1.00 Acres

Property Features for 1241 NW 50Th Ave

General Information

Size
11,980 SF
Lot size
1.00 Acres

Source: RIPCO Real Estate | Tampa Agent Jack Kaiser

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Gainesville Storage Facility For Sale

This storage facility features 85 total storage units, encompassing 11,980 square feet. The property is located approximately 4 miles from The University of Florida and 5 miles from the Gainesville Regional Airport. There is potential for further upside through the addition of storage units, as well as standardizing and raising rents to market rates. Seller financing is available with 5% interest only, offering an excellent return with a cash-on-cash return year 1 of 8.46%.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Porterfield Mini Storage Concrete Contractor

Suggested Use

Restaurant Realty agency Law Firm Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

Location Insight

  • Map
  • Local Demand
City
Gainesville
County
Alachua
State
Florida
Longitude
-82.3377585
Latitude
29.701147

FAQs

What type of property is this?
Self storage facility - Storage facility near University of Florida with expansion potential.
Where is this self storage facility located?
The property is located at 1241 NW 50Th Ave Gainesville, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: - Seller financing available with 5% interest only.; - **Excellent return**: 8.46% Cash-On-Cash return in year 1 with seller financing.; - Upside potential through standardizing/raising rents to market value.
More about this property
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