1720 W University Ave Gainesville, FL 32603
Property Lookup
Property profile & analytics
1720 W University Ave Gainesville, FL 32603
- Office buildings
- 4,715 SF
- 0.25 lot acres
Property ID
US18-4288428
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Office buildings
Property Details for 1720 W University Ave
- Year built
- 1958
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.25 lot acres
- Property size
- 4,715 SF
- Zone code
- U8
- Property type
- Office buildings
- APN
- 14976-000-000
- APU
- 14976000000
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,045,000
- 6.5%
- $965,000
- 7%
- $895,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,262,000
- AI Estimate
- $881,000
Market price range: $492k - $1.26MMarket price range: $320k - $881k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $785,000 Current use
- RETAIL STORES
- $1,015,000 Change: +30% Conversion: Moderate
- MEDICAL BUILDING
- $690,000 Change: -12% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Gainesville
- County
- Alachua
- State
- Florida
- Longitude
- -82.3454
- Latitude
- 29.6525
- CBSA code
- 23540
- CBSA name
- GAINESVILLE, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$30,801
$980,100
$353,772
$1,333,872
-
$980,100
$353,772
$1,333,872
