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Property profile & analytics
OFF-MARKET
Commercial real estate

12 1St St Gainesville, FL 32601

2,000 SF
Entity Owned 8-yr Hold
Property ID
US18-3539938
Property summary
AI-generated overview

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

Property profile
Verified
Property type Commercial real estate
Total area 2,000 SF
UPID US18-3539938
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
  • Alachua County Board Of County Commissioners County Government Office
  • Alachua County Human Resources County Government Office
  • Alachua County Manager County Government Office
  • Alachua County Tax Collector - Downtown Branch County Government Office Tax Collector'S Office
  • Alachua County Codes Enforcement County Government Office
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Beasley And Williams LLC · 8 yrs held
Beasley And Williams LLC
since 2017
1 recorded transaction
2017
$127,500
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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