15947 Us Hwy 441 Alachua, FL 32615-4891
This 2,777 square foot restaurant building, formerly a Pizza Hut, is situated on a 40,000 square foot lot at 15947 NW US Hwy 441 in Alachua, Florida, 32615. The property boasts excellent visibility and high traffic counts, with 65,000 vehicles daily on I-75 and 24,000 vehicles daily on US Hwy 441. The Commercial Intensive (CI) zoning allows for a wide range of uses, including restaurants, bars, quick-service restaurants (QSRs), automotive businesses, and medical facilities. The property includes 36 parking spaces. Annual property taxes are $7 per square foot. This location offers significant upside potential due to its proximity to a newly approved 40+ acre mixed-use development featuring multifamily and retail components directly to the east, and planned residential development on a large parcel of land behind the property. The property is available for lease, sale, or joint venture opportunities. This is a rare opportunity to acquire a high-traffic commercial property in a rapidly growing area.
The CI District is established and intended to provide lands and facilitate highway-oriented development opportunities within the City, for uses that require high public visibility and an accessible location. The CI district should be located along major arterials or highways and at the US 441 or Interstate-75 interchange.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CI · Alachua, FLThe CI District is established and intended to provide lands and facilitate highway-oriented development opportunities within the City, for uses that require high public visibility and an accessible location. The CI district should be located along major arterials or highways and at the US 441 or Interstate-75 interchange.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.