1500 53rd Ave, Gainesville, FL 32609-6101
- Gas stations
- 3,280 SF
- 3.31 lot acres
Current Use by Public Records
- N & J Auto Sales / Car Dealership
- Southern Country Auto Sales Gainesville / Car Dealership
- Nationwide Ignition Interlock / Building Supply / General Contractor
- Central Florida Towing / Auto Repair Shop
- Mr. J's Auto Repair / Auto Repair Shop
Property Details for 1500 53rd Ave
- Year built
- 1988
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 3.31 lot acres
- Zone code
- I2
- Property type
- Gas stations
- APN
- 07882-008-001
- APU
- 7882008001
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 13, 2021 | $800,000 | 2 Year Plan LLC | Barbara Givens | Warranty Deed | $580k · Radiant Cu |
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $605,000
- ML approach
- $500,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $477,000
Market price range: $183k - $477k -
Alternative Use
- Use
- Estimation
- SERVICE STATION (FULL SERVICE)
- $825,000 Current use
- OFFICE BUILDING
- $665,000 Change: -20% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Gainesville
- County
- Alachua
- State
- Florida
- Longitude
- -82.3412
- Latitude
- 29.7041
- CBSA code
- 23540
- CBSA name
- GAINESVILLE, FL METROPOLITAN STATISTICAL AREA
