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Property profile & analytics

118 8th Ave Gainesville, FL 32601-2326

  • Warehouses
  • 22,610 SF
  • 0.95 lot acres
OFF-MARKET
Last Sale
Oct 29, 2021
Value Estimations
$595,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US18-0584902
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

  • UPS Access Point location / Shipping And Mailing Service / Mailing Service
  • Alliance Towing & Roadside SVS / Towing Service
  • White Auto Parts / Auto Parts Store

Property Details for 118 8th Ave

Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.95 lot acres
Property size
22,610 SF
Zone code
U8
Property type
Warehouses
APN
10036-000-000
APU
10036000000

Description

This exceptional 28,000-square-foot flex space property, formerly an Advance Auto Parts, presents a unique opportunity in Gainesville, Florida. Situated on a one-acre lot at 118 NW 8th Ave, this single-story, Class B building boasts 14-foot ceilings and offers significant flexibility for diverse business needs. The property features two suites, each approximately 14,000 square feet, with a minimum divisible space of 3,000 square feet. Currently, one unit has 4,000 square feet of restaurant space available. The second unit, a former office furniture store, offers approximately 4,000 square feet of showroom space and 9,000 square feet of warehouse space, ready for immediate occupancy. The warehouse areas include skylights, multiple roll-up doors, and sections with 60-foot clear spans and 16-foot bottom truss heights. The property benefits from 28 parking spaces and four drive-ins. Located in the Grove Street submarket, this highly visible location on NW 6th St, with NW 4th Ave as a cross street, enjoys a prominent frontage and benefits from high traffic counts (17,200 ADT in 2019). The U8 zoning allows for a wide range of uses, including flex space, office, retail, distribution, and more. Its proximity to downtown Gainesville, the University of Florida, and the Santa Fe College expansion makes it an exceptionally desirable location. The surrounding area is experiencing significant growth, with nearby amenities including restaurants, breweries, and entertainment venues. This property is available for lease.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $595,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Gainesville
County
Alachua
State
Florida
Longitude
-82.3262
Latitude
29.6596
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
$24,540
$496,584
$524,162
$1,020,746
-
$496,584
$524,162
$1,020,746
More about this property
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