1220 University Ave Gainesville, FL 32601-5118
Property profile & analytics
1220 University Ave, Gainesville, FL 32601-5118
- Turn key restaurants
- 4,028 SF
- 0.24 lot acres
Property ID
US18-0535846
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.
Location Intelligence
Current Use by Public Records
- If It Is Kitchen & Café (Pop-Up) / Restaurant
- HASS Kitchen / Restaurant
Property Details for 1220 University Ave
- Year built
- 1962
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.24 lot acres
- Zone code
- U9
- Property type
- Turn key restaurants
- APN
- 13997-000-000
- APU
- 13997000000
Description
This Gainesville, FL retail property at 1220 W University Ave offers 2,000 square feet of space, perfect for a restaurant or bar. Built in 1962, this single-story building sits on a 0.24-acre lot (APN: 13997-000-000) and boasts a prominent location diagonally across from the University of Florida, with high visibility (19,800 cars daily). The asking price is $95,000, representing a price per square foot of $33. The acquisition fee covers the current lease. The property includes significant existing equipment, including a 16-foot hood. Monthly rent is in the $6,800 net-net range. The previous tenant reported nearly $1 million in annual sales. The property's proximity to over 55,000 university students, thousands of nearby apartments (with more under construction), Publix, and a Holiday Inn ensures high foot traffic and potential for significant revenue. Additional storage is available upstairs. The possibility of purchasing the adjacent building is also available. This is a turnkey opportunity in a high-demand location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $750,000
- ML approach
- $750,000
-
Alternative Use
- Use
- Estimation
- RESTAURANT
- $1,125,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Gainesville
- County
- Alachua
- State
- Florida
- Longitude
- -82.3378
- Latitude
- 29.6524
- 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
$18,229
$940,896
$139,091
$1,079,987
-
$940,896
$139,091
$1,079,987
