1220 University Ave Gainesville, FL 32601-5118

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.