Technical
Financial
Distress signals
Property profile

101 23rd Ave Gainesville, FL 32609

OFF-MARKET
Distribution properties
Property ID
US19-0285286
2,193 SF 0.69 ac lot Built 1978
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Distribution properties
Use group BUS TERMINAL
Year built 1978
Construction WOOD
Total area 2,193 SF
Lot 0.69 ac (30,056 SF)
Zoning code BA
APN 09988-010-003
UPID US19-0285286

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

101 23rd Ave Gainesville, FL 32609-3640
Gainesville metro Census 301 GAINESVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$365k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

since 2023
Last sale
$310,000
5 recorded transactions
2023
Price N/A
2021
$310,000
2005
$135,000
2005
$360,000
1999
$293,000

Zoning & alternative use

BA · Gainesville, FL
Zoning description

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…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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