Downtown Two-Level Retail
201 SE 2nd Ave Gainesville, FL 32601
For Sale
Contact for pricing
Two-level retail condo with 2019 energy-efficient AC, positioned across from the Hippodrome Theatre in downtown Gainesville.
Property Size1,742 SF
Price / SF$301.38
Days on Market41
Property Features for 201 SE 2nd Ave
General Information
Standard status
Active
Size
1,742 SF
Property subtype
RETAIL
Listing Agency:
Colliers | Jacksonville
(904) 674-2748
Listed By:
Jason J. Hurst · License #SL3298171
(904) 674-2748
Source:
Moodyscre
Added: Jun 19
Changed: Jul 27
Last Checked: Jul 29 at 2:23PM
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 Colliers | Jacksonville
Investment Insights
Based on property information with market context.
This is a 1,742-square-foot, two-level retail condo with a distinctive, built-out layout designed for retail occupancy. The property includes energy-efficient AC installed in 2019.
The unit is located in downtown Gainesville across from the Hippodrome Theatre and near Bo Diddley Plaza. It is positioned by the luxury condos at Union Station, and the surrounding co-tenancy includes Starbucks, Dragonfly Sushi & Sake Bar, and Mark's Prime Steakhouse.
The space is well suited for retailers looking to operate from a walkable downtown setting with active street-level activity and nearby established dining and coffee uses.
The unit is located in downtown Gainesville across from the Hippodrome Theatre and near Bo Diddley Plaza. It is positioned by the luxury condos at Union Station, and the surrounding co-tenancy includes Starbucks, Dragonfly Sushi & Sake Bar, and Mark's Prime Steakhouse.
The space is well suited for retailers looking to operate from a walkable downtown setting with active street-level activity and nearby established dining and coffee uses.
Key Highlights
- 1,742 SF two‑level retail condo for lease in downtown Gainesville
- Across from the Hippodrome Theatre, near Bo Diddley Plaza
- Ground floor location with co‑tenancy that includes Starbucks, Dragonfly Sushi & Sake Bar, and Mark's Prime Steakhouse
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 | $28.2k | $16.20 |
| − Vacancy | −$1.8k | −$1.05 |
| EGI | $26.4k | $15.15 |
| − OpEx | −$7.9k | −$4.54 |
| NOI | $18.5k | $10.60 |
1,742 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$263.9K
$230.9K – $307.8K
NOI $18,470 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$431.5K
$377.5K – $503.4K
NOI $30,202 @ 7.0% cap · market cap 5.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Two-level retail condo with 2019 energy-efficient AC, positioned across from the Hippodrome Theatre in downtown Gainesville.
Where is this retail space located?
The property is located at 201 SE 2nd Ave Gainesville, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 1,742 SF two‑level retail condo for lease in downtown Gainesville; Across from the Hippodrome Theatre, near Bo Diddley Plaza; Ground floor location with co‑tenancy that includes Starbucks, Dragonfly Sushi & Sake Bar, and Mark's Prime Steakhouse
