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    Property profile & analytics
    OFF-MARKET Estimated value $2,550,000
    Outlet malls

    1420 23rd Ave, Gainesville, FL 32605-3017

    31,677 SF 3.14 ac lot Built 1965
    Entity Owned 4-yr Hold Free & Clear
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Ultimate Findz Discount Store
    • Furniture Warehouse of Gainesville Furniture & Home Goods Home Decor Store
    • Cali's Beauty Supply (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
    Kph Partners LLC · 4 yrs held
    Kph Partners LLC
    since 2021
    2 recorded transactions
    2021
    2021
    Zoning & alternative use
    U8 · Gainesville, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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