Gutted Mixed-Use
New
For Sale
$750,000
519 NW 10TH, Gainesville, FL 32601
Zoning supports restaurant and retail uses, with approved design plans and building permits included in the sale.
Property Size6,019 SF
Price / SF$124.61
Days on Market7
Property Features for 519 NW 10TH
General Information
Standard status
Active
Size
6,019 SF
Property subtype
Commercial
Additional Details
Corner Location
Yes
Taxes and HOA fees
Annual Taxes
$14,265
Building Details
Building Size
6,019 SF
Year Built
1963
Buildings
1
Listing Agency:
SMITH & ASSOCIATES REAL ESTATE
Listed By:
Son Vo · License #SL3372693
(352) 222-4850
Source:
Elliman
Added: Oct 1
Changed: Oct 7
Last Checked: Oct 5 at 7:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SMITH & ASSOCIATES REAL ESTATE
Investment Insights
Based on property information with market context.
The 6,019-square-foot mixed-use building at 519 NW 10th Avenue has been cleared for tenant build-out. The sale includes approved architectural plans, mechanical and structural engineering drawings, active building permits, restaurant design plans, and branding assets. Zoning supports restaurant and retail uses.
The property occupies the signalized corner of NW 10th Avenue and NW 6th Street in Gainesville’s Grove Street District, next to Cypress & Grove Brewing Company and among independent retail and food-and-beverage businesses. The Grove Street Farmers Market runs on adjacent lots each Monday from 4–7 PM, drawing more than 1,000 visitors and 92 vendors per week.
The property occupies the signalized corner of NW 10th Avenue and NW 6th Street in Gainesville’s Grove Street District, next to Cypress & Grove Brewing Company and among independent retail and food-and-beverage businesses. The Grove Street Farmers Market runs on adjacent lots each Monday from 4–7 PM, drawing more than 1,000 visitors and 92 vendors per week.
Key Highlights
- 6,019‑square‑foot mixed‑use building
- Gutted interior ready for tenant build‑out
- Sale includes approved architectural plans, engineering drawings, active building permits, restaurant plans, and branding assets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,819
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,276,380
$1.3M
Cap Rate 7%
$911,700
$911.7K
Cap Rate 9%
$709,100
$709.1K
Market Conditions
NOI Build-Up for 6,019 SF
Gross rent
$97.5K $16.20/SF
− Vacancy
−$6.3K −$1.05/SF
EGI
$91.2K $15.15/SF
− OpEx
−$27.4K −$4.54/SF
NOI
$63.8K $10.60/SF
Area
Gainesville, FL
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,276,380
Cap Rate 7%
$911,700
Cap Rate 9%
$709,100
Alternative Uses
Best Use
Specialty Retail
$1.02M
$895.9K – $1.19M
NOI $71,668 @ 7.0% cap · market cap 9.56%
Second Best
Mixed Use
$993.1K
$869.0K – $1.16M
NOI $69,519 @ 7.0% cap · market cap 9.27%
Theoretical Best
Office A
$1.49M
$1.30M – $1.74M
NOI $104,355 @ 7.0% cap · market cap 13.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
738
Businesses Nearby
82k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 47%
Wawa
Shops & Services
42,539 visits/mo
0.4 miles
McDonald's
Dining
23,303 visits/mo
0.5 miles
Waffle House
Dining
5,906 visits/mo
0.4 miles
KFC
Dining
5,172 visits/mo
0.5 miles
Hungry Howie's Pizza
Dining
3,786 visits/mo
0.5 miles
Demographics for 32601, FL
22,039
Population
11,204
Households
2
Avg Household Size
27
Median Age
62%
College-Educated
97%
High-School Grad
4.6 sq mi
ZIP Area
4,791
Density / Sq Mi
$30,878
Median Household Income
$18,954
Median Earnings
$1,092
Median Rent
$284,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Zoning supports restaurant and retail uses, with approved design plans and building permits included in the sale.
Where is this mixed-use property located?
The property is located at 519 NW 10TH Gainesville, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 6,019‑square‑foot mixed‑use building; Gutted interior ready for tenant build‑out; Sale includes approved architectural plans, engineering drawings, active building permits, restaurant plans, and branding assets
