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Property profile & analytics
OFF-MARKET Estimated value $1,150,000
Community centers

101 2nd Pl Gainesville, FL 32601-1807

9,464 SF 2.49 ac lot Built 1987
Entity Owned 8-yr Hold Free & Clear
Property ID
US18-3363357
Property summary
AI-generated overview

Sun Center East, located at 101 SE 2nd Place, Gainesville, FL 32601, presents a prime retail opportunity in the heart of downtown. This 72,776 square foot strip center, situated on a 2.5-acre lot, offers flexible space options ideal for a variety of businesses. Built in 1926 and renovated in 1987, the property boasts a blend of historic charm and modern functionality. Currently, there are 10,920 square feet of vacant space available, divisible into units as small as 630 square feet, with a maximum contiguous space of 9,200 square feet. The property is zoned for Central City District (CCD) use within Alachua County and enjoys a highly visible location, conveniently situated near S Main Street. Its central location provides excellent access to foot traffic and offers significant potential for businesses seeking a vibrant and established commercial environment. The property's proximity to the Hippodrome State Theatre further enhances its appeal and visibility. This is an exceptional opportunity to secure retail space in a thriving downtown Gainesville location. The multiple unit availability allows for flexibility in tenant needs and potential for synergistic businesses.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1987
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 9,464 SF
Lot 2.49 ac (108,464 SF)
Zoning code DT
APN 12833-000-000
UPID US18-3363357
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • McGurn Management Company Construction Company General Contractor
  • JGs Barber Lounge Barber Shop
  • Dale's Salon Hair Salon Nail Salon
  • Gainesville City Center Business Service Center Corporate Office
  • My Home Sweet Home Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.18M
Blend (final) Blend
$1.15M
Owner & transaction history
Gnv City Center LLC · 8 yrs held
Gnv City Center LLC
since 2017
3 recorded transactions
2017
Price N/A
1997
$5,000
1969
Price N/A
Zoning & alternative use
DT · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Within the DT district, any surface parking areas abutting a public street or urban walkway shall be screened from street view by a masonry garden wall with a height between three and five feet. In the other T-zones, the parking lot may be screened in accordance with the perimeter parking landscaping standards per article VII. 5. A minimum of ten percent of…

Zone name Downtown
General category CIVIC_INSTITUTIONAL
Zone area 159.63 ac
Source code of ordinances
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