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Property profile & analytics
OFF-MARKET Estimated value $895,000
Office buildings

1 1st Ave Gainesville, FL 32601-6240

8,272 SF 0.11 ac lot Built 1900
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US18-2579023
Property summary
AI-generated overview

This charming, two-story, 8,320-square-foot office building in Gainesville, Florida, presents a unique opportunity. Located at the prominent corner of SE 1st Avenue and Main Street, less than a mile from the University of Florida, this Class B property boasts exceptional visibility. Originally serving as a law office, the building offers flexible suite sizes ranging from 1,800 to 8,320 square feet, adaptable to various business needs. Amenities include a spacious lobby, large conference/meeting rooms, restrooms, and numerous private offices. The 0.1-acre lot is zoned DT (Downtown) and the building, constructed in 1900, offers a blend of historic charm and modern functionality. The single-tenant space is ideal for businesses seeking a prominent downtown Gainesville location. This is a rare chance to establish or relocate your business in a highly visible and accessible location within Gainesville's vibrant downtown district. The building's versatile layout caters to a variety of office uses, including traditional office, executive office, coworking, medical office, and creative office spaces.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1900
Construction WOOD
Total area 8,272 SF
Lot 0.11 ac (4,792 SF)
Zoning code DT
APN 14581-000-000
UPID US18-2579023
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Scruggs & Carmichael, P.A.: Kevin D Jurecko, Esq Law Firm Child Welfare Organization
  • Martin Elizabeth A Law Firm
  • Stinson John G Law Firm
  • Scruggs & Carmichael, P.A.: Virginia E Griffis, Esq Law Firm
  • Appliance Repair Geeks Home Appliance Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$835k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.37M
Blend (final) Blend
$895k
Owner & transaction history
1st & Main Downtown Gainesville LLC · 3 yrs held
1st & Main Downtown Gainesville LLC
since 2022
Last sale
$1.1M
4 recorded transactions
2022
$1.1M
2018
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
DT · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Within the DT district, any surface parking areas abutting a public street or urban walkway shall be screened from street view by a masonry garden wall with a height between three and five feet. In the other T-zones, the parking lot may be screened in accordance with the perimeter parking landscaping standards per article VII. 5. A minimum of ten percent of…

Zone name Downtown
General category CIVIC_INSTITUTIONAL
Zone area 159.63 ac
Source code of ordinances
Top alternative use upside
Medical building $1.2M +18.3%
Warehouse, storage $1.0M +1.3%
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