1500 53rd Ave Gainesville, FL 32609-6101

Property Details for 1500 53rd Ave

Year built

1988

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.31 lot acres

Property size

3,280 SF

Zone code

I2

Property type

Gas stations

APN

07882-008-001

APU

7882008001

Description

This exceptional investment opportunity presents two buildings situated on a 1.95-acre lot in Gainesville, Florida. The property, located at 1500 Northwest 53rd Ave, 32609, is zoned I1 and offers a total of approximately 5,300 to 5,500 square feet of space, with 5,000 square feet of net rentable area. The property consists of two structures: a 1,600 square foot automobile sales shop currently leased for $3,500 per month gross, and a 3,500 square foot warehouse boasting a 35-foot ceiling height. This multi-tenant property is offered at $1,600,000, representing a price per unit of $800,000, and boasts a 4.50% cap rate. The property is a fee simple ownership and features two buildings on one story, each situated on the west half of the address. The ample lot size presents potential for additional development. This Class B industrial property is offered with a gross lease type and is an excellent opportunity for investors seeking a strong return in a desirable location. The Alachua County location provides easy access to major transportation routes and amenities. The property's existing income stream from the leased automobile sales shop adds immediate value to this promising investment. This is a rare opportunity to acquire a well-located, multi-building industrial property with significant upside potential.

Location Insight

City

Gainesville

County

Alachua

State

Florida

Longitude

-82.3412

Latitude

29.7041

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments