12 1St St Gainesville, FL 32601
Exceptional opportunity to acquire a thriving, established fine dining restaurant in the heart of downtown Gainesville, Florida. This turn-key operation boasts a 70+ seat capacity and has enjoyed consistent success for over 20 years. The sale includes all inventory, furniture, fixtures, equipment, and active beer and wine licenses. Financial records show strong performance, averaging $500,000 in annual sales since the pandemic, with $479,000 in sales reported for 2023 and $557,000 in 2022. The restaurant occupies approximately 2,000-3,000 square feet in a multi-tenant retail building at 12 SE 1st St, Gainesville, FL 32601. The current lease is a modified multi-tenant agreement with a remaining term of approximately 2.3 years (Lease Commencement: 09/30/2020
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Alachua County Board Of County Commissioners County Government Office
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Alachua County Human Resources County Government Office
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Alachua County Manager County Government Office
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Alachua County Tax Collector - Downtown Branch County Government Office Tax Collector'S Office
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Alachua County Codes Enforcement County Government Office
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
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.