101 23rd Ave Gainesville, FL 32609-3640
- Distribution properties
- 2,193 SF
- 0.69 lot acres
Current Use by Public Records
- Distribution properties
Property Details for 101 23rd Ave
- Year built
- 1978
- Construction
- WOOD
- Lot size
- 0.69 lot acres
- Property size
- 2,193 SF
- Zone code
- BA
- Property type
- Distribution properties
- APN
- 09988-010-003
- APU
- 9988010003
Description
This iconic Gainesville property, formerly a Greyhound bus station and restaurant, offers a unique investment opportunity. The 2,193 square foot building sits on a 0.69-acre corner lot with ample parking (2,535 spaces) and boasts high visibility and traffic counts (14,200 AADT). Built in 1978, it features a 12-foot ceiling height and is zoned for Automotive-Oriented Business (BA), Restaurant, Retail, and Food trucks, presenting diverse potential uses. The asking price is $1,200,000 ($547.20/sq ft), and the property is offered as a net lease. Its prime location near discount stores and across from a successful boat sales property ensures high visibility and potential for strong returns. The owner is motivated and offering a discount for a quick close. Future use allows for up to five homes, adding further investment potential. The property's APN is 09988-010-003. Owner financing may be available. This is a rare opportunity to acquire a versatile commercial property in a high-demand location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $310,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $300,000
- 6.5%
- $285,000
- 7%
- $305,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $250,000
- Geo Method
- $255,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $255,000
- Retail
- $295,000
- Mixed-Use
- $275,000
- Hospitality
- $280,000
- Educational
- $250,000
- Residential Income
- $235,000
- Energy
- $275,000
- Income-Based Land
- $295,000
- Food Service
- $235,000
Location Insight
- Map
- Local Demand
- City
- Gainesville
- County
- Alachua
- State
- Florida
- Longitude
- -82.3234
- Latitude
- 29.6735
- CBSA code
- 23540
- CBSA name
- GAINESVILLE, FL METROPOLITAN STATISTICAL AREA