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Property profile & analytics
OFF-MARKET Estimated value $1,035,000
Office buildings

1720 University Ave Gainesville, FL 32603-1839

4,715 SF 0.25 ac lot Built 1958
Entity Owned 19-yr Hold Free & Clear
Property ID
US18-4288428
Property summary
AI-generated overview

This exceptional 2,200 square foot restaurant space presents a rare investment opportunity directly across from the University of Florida campus on West University Avenue. Located in Alachua County, this single-tenant property boasts unparalleled visibility and high foot traffic, benefiting from its position in a key commercial corridor serving the university. The building's prime location is further enhanced by its proximity to high-density student housing, ensuring a consistent and substantial customer base. The property has enjoyed a long-term tenant (23 years), a testament to the location's enduring appeal and strong student traffic. This turn-key restaurant space is ready for immediate occupancy and offers limitless potential for a new owner. The property is classified as retail and land, with a commercial subtype specifically for restaurants. The single-suite building provides a cohesive and manageable space. This is an exceptional chance to acquire a well-established and highly visible restaurant property in a thriving university environment. The opportunity to capitalize on the consistent flow of students and the surrounding residential population makes this a truly unique investment prospect. Don't miss this chance to own a piece of Gainesville's vibrant commercial landscape.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1958
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,715 SF
Lot 0.25 ac (10,890 SF)
Zoning code U8
APN 14976-000-000
UPID US18-4288428
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$965k
Comparable Approach Comparable
$1.26M
Blend (final) Blend
$1.04M
Owner & transaction history
Cft LLC · 19 yrs held
Cft LLC
since 2006
3 recorded transactions
2006
Price N/A
2006
$330,000
2006
Price N/A
Zoning & alternative use
U8 · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 U8 Urban 8 U9 Urban 9 DT Downtown Residential SF Single-Family RC Residential Conservation MH Mobile Home RMF-5 Single/Multi-Family RMF-6 to…

Zone name Urban 8
General category MIXED_USE
Zone area 441.72 ac
Source code of ordinances
Top alternative use upside
Retail stores $1.0M +29.9%
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