118 Northwest 8Th Ave Gainesville, FL 32601
For Sale
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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.
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UPS Access Point location Courier Service Postal Service
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Alliance Towing & Roadside SVS Auto Repair Shop
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White Auto Parts Auto Parts Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
U8 · Gainesville, FLGainesville. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.