101 23rd Ave Gainesville, FL 32609-3640
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
BA · Gainesville, FLGainesville. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.