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1420 23rd Ave Gainesville, FL 32605-3017

OFF-MARKET Outlet malls Google Maps
31,677 SF 3.14 ac lot Built 1965
Entity Owned 4-yr Hold Free & Clear
Estimated value (blended)
$2.55M
Range $2.30M – $2.81M (±10%)
Property ID US18-3569328

Property summary

AI-generated overview

This exceptional 31,677± square foot retail property, located at 1420 NW 23rd Ave in Gainesville, Florida (zip code 32605), presents a fantastic opportunity for businesses seeking a prominent location. Previously utilized as a furniture showroom, this single-tenant space boasts a highly visible frontage on NW 23rd Avenue, a major Gainesville thoroughfare. Its strategic position across from Winn-Dixie and Planet Fitness ensures high foot traffic and excellent brand visibility. The property's proximity to the heavily trafficked intersection of NW 23rd Avenue and NW 13th Street further enhances its appeal. The expansive interior features a large, open showroom layout, complemented by offices, a break room, restrooms, and an electrical room. A canopy-covered storefront provides shade while maximizing natural light. Convenient loading facilities include a loading dock with two truck-high bays featuring levelers, a ramp, and a commercial roll-up door. The building offers a 12-foot ceiling clearance and a comprehensive fire suppression system. On-building and monument signage on NW 23rd Avenue provide exceptional advertising opportunities. This property is ideal for a variety of retail uses and offers a unique combination of size, location, and amenities.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1965
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 31,677 SF
Lot 3.14 ac (136,778 SF)
Zoning code U8
APN 09003-002-000
UPID US18-3569328

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Discount Store
  • Furniture & Home Goods Home Decor Store
  • (Bike/Boat/Book/etc) Store Cosmetic Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.44M
Blend (final) Blend
$2.55M

Owner & transaction history

since 2021
2 recorded transactions
2021
Price N/A
2021
Price N/A

Zoning & alternative use

U8 · Gainesville, FL
Zoning description

lan, to promote 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…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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