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Property profile & analytics

101 23rd Ave Gainesville, FL 32609-3640

  • Distribution properties
  • 2,193 SF
  • 0.69 lot acres
OFF-MARKET
Value Estimation
$295,000
Last Sale
Nov 21, 2023
$310,000
Location Intelligence
Property ID
US19-0285286
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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

by Realmo proprietary methodology Last update: July 3, 2025
  • 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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,119
$240,451
$67,972
$308,423
-
$240,451
$67,972
$308,423
More about this property
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