Gainesville Mixed-Use Corner
519 NW 10TH Ave Gainesville, FL 32601
For Sale
$750,000
Mixed-use building in Grove Street District ready for build-out.
Property Size6,019 SF
Price / SF$124.61
Days on Market97
Property Features for 519 NW 10TH Ave
General Information
Standard status
Active
Size
6,019 SF
Property subtype
Commercial
Building Details
Year Built
1963
Listing Agency:
Smith & Associates Real Estate
(352) 222-4850
Listed By:
Son Vo · License #3372693
(352) 222-4850
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 29 at 6:52AM
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.
This commercial mixed-use property is located at the signalized corner of NW 10th Ave and NW 6th St in Gainesville's Grove Street District. The building totals 6,019 square feet and is situated on a prominent corner lot with high visibility and pedestrian traffic. The interior has been gutted and is ready 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/or retail use. The property is located within the Grove Street corridor, adjacent to Cypress & Grove Brewing Company and surrounded by established independent retail and food and beverage tenants. The Grove Street Farmers Market operates weekly on Mondays from 4–7 PM on adjacent lots, drawing over 1,000 visitors and 92 vendors per week. The bike score is 81, indicating it is very bikeable, and the walk score is 65, indicating it is somewhat walkable. Buyer is responsible for verifying all zoning, permitted uses, and permit status with the City of Gainesville prior to closing.
Key Highlights
- Approved architectural plans, engineering drawings, active building permits, restaurant design plans, and branding assets included.
- Prime location at a signalized corner in Gainesville's Grove Street District with high visibility and pedestrian traffic.
- Zoning supports restaurant and/or retail use.
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 | $97.5k | $16.20 |
| − Vacancy | −$6.3k | −$1.05 |
| EGI | $91.2k | $15.15 |
| − OpEx | −$27.4k | −$4.54 |
| NOI | $63.8k | $10.60 |
6,019 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
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
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building in Grove Street District ready for build-out.
Where is this mixed-use property located?
The property is located at 519 NW 10TH Ave 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: Approved architectural plans, engineering drawings, active building permits, restaurant design plans, and branding assets included.; Prime location at a signalized corner in Gainesville's Grove Street District with high visibility and pedestrian traffic.; Zoning supports restaurant and/or retail use.
