22 University Ave Gainesville, FL 32601
- Retail properties
- 9,000 SF
Current Use by Public Records
- The Lab Bar & Latin Nightclub & Billiards / Night Club
Property Details for 22 University Ave
- Year built
- 1900
- Property size
- 9,000 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional three-story commercial property, located at 22 W University Ave in Gainesville, Florida, presents a unique investment opportunity. Boasting 9,000 square feet of space, this established bar and lounge is offered at $1,400,000 ($155.56/sq ft). Situated just off the intersection of University Avenue and Main Street, the property benefits from high visibility and foot traffic. Built in 1900 and renovated in 1994, the building features prestigious DT zoning, allowing for a wide range of commercial uses and high-density multifamily development, should the buyer choose to pursue such options. The property's prime location, substantial square footage, and flexible zoning make it an ideal investment for both owner-users and developers seeking a high-return opportunity in the heart of Gainesville. The Alachua County property (APN: 14650-000-000) offers significant street frontage on University Avenue, ensuring maximum exposure. This single-tenancy building presents a rare chance to acquire a well-established business in a vibrant downtown area. The property's history and current configuration provide a solid foundation for continued success or future redevelopment. This is a turnkey opportunity in a thriving market.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Gainesville
- County
- Alachua
- State
- Florida
- Longitude
- -82.3257
- Latitude
- 29.6522
