Property profile

1820 NE 2Nd St Gainesville, FL 32609

FOR SALE
Commercial land
Property ID
US18-0549671
0.39 ac lot
Individually Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional mixed-use property at 1820 NE 2nd Street, Gainesville, FL, presents a unique investment opportunity. The 2,245 square foot building sits on a sizable 0.81-acre lot and is strategically divided into two distinct sections. The first section, ideal for retail or service businesses, features three small rooms, one large room, a spacious lobby and waiting area, and a small kitchen area. Two bathrooms are included, one with two stalls and the other with a shower. This section is conveniently handicap accessible. The second section offers a separate office space with a newly constructed half-bathroom, providing flexibility for various uses. The property's configuration is further enhanced by its division into two parcels. Parcel #10072-0030-002 encompasses 2,173 heated and cooled square feet on 0.41 acres, housing the main building. Adjacent to this is parcel #10072-0030-1, a 0.39-acre lot providing ample parking for customers and employees. This prime location in Gainesville offers high visibility and convenient access, making it an attractive proposition for a wide range of businesses. The asking price for this exceptional property is $650,000.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.39 ac (16,988 SF)
Zoning code BUS
APN 10072-003-001
UPID US18-0549671

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Tattoo & Piercing Shop
  • Hair Salon Nail Salon
  • Nail Salon

Location

1820 NE 2Nd St Gainesville, FL 32609
Gainesville metro Census 400 GAINESVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$230k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

since 2020
6 recorded transactions
2020
$264,500
2010
$218,000
2009
$1,000
1999
$30,000
1995
$185,000
1969
Price N/A

Zoning & alternative use

BUS · Gainesville, FL
Zoning description

vation MH Mobile Home RMF-5 Single/Multi-Family RMF-6 to 8 Multi-Family Mixed-Use and Nonresidential MU-1 Mixed-Use Low-Intensity MU-2 Mixed-Use Medium-Intensity OR Office Residential OF General Office CP Corporate Park…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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