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Property profile & analytics
OFF-MARKET Estimated value $1,745,000
Hotels

212 1st St Gainesville, FL 32601-6571

89,603 SF 0.06 ac lot Built 2022
Entity Owned 3-yr Hold Free & Clear
Property ID
US18-4519388
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 2022
Construction STEEL FRAME
Total area 89,603 SF
Lot 0.06 ac (2,614 SF)
Zoning code DT
APN 14562-002-000
UPID US18-4519388
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
Current use
Occupant on record · Public records
  • Hyatt Place Gainesville Downtown Hotel & Motel
  • Kyuramen x TBaar - Gainesville Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.43M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.05M
Blend (final) Blend
$1.75M
Owner & transaction history
Magnolia Hotel Holdings LLC · 3 yrs held
Magnolia Hotel Holdings LLC
since 2022
2 recorded transactions
2022
Price N/A
2021
Price N/A
Zoning & alternative use
DT · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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