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Restaurant Space for Build-Out
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706 W UNIVERSITY AVE, Gainesville, FL 32601

The shell-condition suite is being renovated and can be finished to suit a tenant’s requirements.

Space SizeContact for details
Property Size2,430 SF
Days on Market4

Property Features for 706 W UNIVERSITY AVE

General Information

Standard status Active
Size 2,430 SF
Property subtype Restaurant
Lease Term Annually

Additional Details

Space Use Restaurant

Taxes and HOA fees

Annual Taxes $13,531

Building Details

Building Size 2,430 SF
Year Built 1962
Listing Agency: COLDWELL BANKER M.M. PARRISH REALTORS
Listed By: Craig Carter · License #3346602
Source: Thefullerproperties
Added: Sep 24 Changed: Sep 26 Last Checked: Sep 26 at 8:48AM

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 COLDWELL BANKER M.M. PARRISH REALTORS

Investment Insights

Based on property information with market context.

This Gainesville restaurant suite is in shell condition, with renovations underway. A tenant can shape the interior build-out around its needs. The space previously operated as Leonardo's 706, a restaurant that served the area for decades.

The property fronts West University Avenue, with signage and on-site parking. It is a few blocks from the University of Florida and downtown Gainesville. The location has a Bike Score of 94 and a Walk Score of 69.

Key Highlights

  • Shell‑condition restaurant suite available for tenant‑specific build‑out
  • Renovations to the building are underway
  • West University Avenue frontage with signage

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick HVAC Service Locksmith Plumbing Service (Bike/Boat/Book/etc) Store Storage Facility Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,859
Businesses Nearby
152k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 50% Groceries 34% Shops & Services 14% Electronics 1%
Publix Groceries
52,406 visits/mo 0.4 miles
McDonald's Dining
28,636 visits/mo 0.3 miles
Krispy Kreme Doughnuts Dining
22,825 visits/mo 0.5 miles
Checkers Dining
11,606 visits/mo 0.1 miles
Chevron Shops & Services
8,930 visits/mo 0.2 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Similar Off Market Nearby

  • Fresh Food Company — 60 Inner Rd, Gainesville, FL 32610

Frequently Asked Questions

What type of property is this?
Conventional restaurant - The shell-condition suite is being renovated and can be finished to suit a tenant’s requirements.
Where is this conventional restaurant located?
The property is located at 706 W UNIVERSITY AVE Gainesville, FL.
What is the lease rate?
The lease rate is $48,600.
What are key features of this property?
This property features: Shell‑condition restaurant suite available for tenant‑specific build‑out; Renovations to the building are underway; West University Avenue frontage with signage
(352) 335-4999 Call to check price and availability
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