Gainesville Retail Investment
618 NW 60TH STREET, Gainesville, FL 32607
Retail - GAINESVILLE, FL
Type:Retail
Property size:
23,674 SFLot size:
2.27 AcresPrice / SF:
$206/SF- Added:
- Feb 9, 2026
- Days on Market:
- 128
- Last Refresh:
- Jun 17 at 12:06 am
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 (352) 514-9508
Listing office FIRST CHOICE REALTY OF NORTH FLORIDA LLC 414 SW 140 TER #120, Gainesville, FL (352) 514-9508
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.
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.).
- 100% occupied with established tenants, reducing vacancy risk.
- Convenient access to I‑75 and surrounded by major employment drivers (North Florida Regional Medical Center, etc.).
- Property totals approximately 23,364 square feet on 2.27 acres.
Overview
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.
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
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
NOI $410,450 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with local authorities.
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
Similar Places 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
Location Insight
- Map
- Local Demand
- City
- Gainesville
- County
- Alachua
- State
- Florida
- Longitude
- -82.40703
- Latitude
- 29.658261
Nearby Similar for Sale
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.).
