Individually Owned Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
mote orderly urban growth, and to classify and regulate the use of land, water, buildings and structures within the city: Transects U1 Urban 1 U2 Urban 2 U3 Urban 3 U4 Urban 4 U5 Urban 5 U6 Urban 6 U7 Urban 7 U8 Urban 8…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
U9 · Gainesville, FLmote orderly urban growth, and to classify and regulate the use of land, water, buildings and structures within the city: Transects U1 Urban 1 U2 Urban 2 U3 Urban 3 U4 Urban 4 U5 Urban 5 U6 Urban 6 U7 Urban 7 U8 Urban 8…
Zoning
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Zoning designation
Official district profile
mote orderly urban growth, and to classify and regulate the use of land, water, buildings and structures within the city: Transects U1 Urban 1 U2 Urban 2 U3 Urban 3 U4 Urban 4 U5 Urban 5 U6 Urban 6 U7 Urban 7 U8 Urban 8…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for U9 in Gainesville, FL.
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