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    1529 Main St Gainesville, FL 32601

    For Sale
    $850,000

    Mixed-use warehouse, great location.

    Property size:
    4,650 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This 4,650 square foot warehouse, built in 1965, is situated on a 1.01-acre lot at 1529 S Main St, Gainesville, FL 32601. Currently operating under a modified net lease with a corporate guarantee, the property boasts 100% occupancy with an established tenant in place until 2025. The asking price is $850,000, representing a price per square foot of $182.80 and a 5.29% cap rate. The property generates a net operating income (NOI) of $45,000 annually. Zoned for light industrial use, this versatile space is ideal for a variety of businesses, including breweries, manufacturing, restaurants, or medical facilities. Its prime location offers high visibility with 10,900 AADT, and is within walking distance of Depot Park and a 5-minute drive from Archer and Highway 441. The property benefits from its proximity to the University of Florida, student housing, and UF Health/Shands Hospital, providing excellent access to a large workforce and consumer base. Gainesville's central location offers easy access to Tallahassee, Jacksonville, Orlando, and Tampa, all within a two-hour drive. This is a strong investment opportunity with a stable tenant and significant upside potential.

    Property Features for 1529 Main St

    General Information

    Property type
    Distribution properties
    Square Feet
    4,650 SF
    Lot Size
    43,996 SF

    Building Details

    Year Built
    1965

    HighLights

    • Great location, 5‑minute drive from Archer Road and Highway 441.
    • Light Industrial zoning allows for diverse uses.
    • High visibility with 10,900 AADT.
    • Central Gainesville location, within two hours of Tallahassee, Jacksonville, Orlando, and Tampa.
    • Close proximity to the University of Florida, student housing, and UF Health/Shands Hospital.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.32723742
    Latitude
    29.63663471

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    FAQs

    What type of property is this?
    Distribution property - Mixed-use warehouse, great location.
    Where is this distribution property located?
    The property is located at 1529 Main St Gainesville, FL.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: Great location, 5-minute drive from Archer Road and Highway 441.; Light Industrial zoning allows for diverse uses.; High visibility with 10,900 AADT.
    Request Owner's contact information
    1529 Main St Gainesville, FL 32601
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1529 Main St Gainesville, FL 32601
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