212 1st St Gainesville, FL 32601-6571
This exceptional Class A retail, restaurant, and office space, totaling 17,000 square feet, is located in the heart of downtown Gainesville, Florida, at 212 SE 1st St, 32601. Built in 2022, this ground-floor space is part of a brand-new mixed-use development, situated within the Hyatt Place Gainesville Hotel and Residences. Six spaces are currently available, ranging from 1,722 to 17,000 contiguous square feet, with a minimum divisible space of 1,750 square feet. The property benefits from its proximity to the University of Florida (less than a mile away), Shands Medical Complex, and numerous government buildings, including courthouses and City Hall. This high-traffic location offers excellent visibility and accessibility, serving both hotel guests and the surrounding community, including students, residents, and area businesses. The development also includes a 145-key Hyatt Place Hotel with meeting rooms and 39 loft-style studios. Across the street lies the Hippodrome State Theater, further enhancing the vibrant atmosphere. The property's strategic location near Gainesville's Innovation District, a hub of startups and employment, adds to its investment appeal. The University of Florida's significant student population and renowned athletic programs generate substantial foot traffic and consumer activity. This presents a rare opportunity to establish a presence in a thriving downtown Gainesville location with exceptional visibility and access to a diverse customer base.
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Hyatt Place Gainesville Downtown Hotel & Motel
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Kyuramen x TBaar - Gainesville Restaurant
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
DT · Gainesville, FLGainesville. Always verify with local authorities before improvements.
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.