Property summary
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.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
RMF-5 Single/Multi-Family RMF-6 to 8 Multi-Family Mixed-Use and Nonresidential MU-1 Mixed-Use Low-Intensity MU-2 Mixed-Use Medium-Intensity OR Office Residential OF General Office CP Corporate Park BUS General Business B…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
BA · Gainesville, FLRMF-5 Single/Multi-Family RMF-6 to 8 Multi-Family Mixed-Use and Nonresidential MU-1 Mixed-Use Low-Intensity MU-2 Mixed-Use Medium-Intensity OR Office Residential OF General Office CP Corporate Park BUS General Business B…
Zoning
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Zoning designation
Official district profile
RMF-5 Single/Multi-Family RMF-6 to 8 Multi-Family Mixed-Use and Nonresidential MU-1 Mixed-Use Low-Intensity MU-2 Mixed-Use Medium-Intensity OR Office Residential OF General Office CP Corporate Park BUS General Business B…
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