12 1St St Gainesville, FL 32601
- Commercial real estate
- 2,000 SF
Current Use by 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
Property Details for 12 1St St
- Property size
- 2,000 SF
- Property type
- Commercial real estate
Description
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
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Gainesville
- County
- Alachua
- State
- Florida
- Longitude
- -82.32397439
- Latitude
- 29.65003132
