212 1st St, Gainesville, FL 32601-6571
- Hotels
- 89,603 SF
- 0.06 lot acres
Current Use by Public Records
- Hyatt Place Gainesville Downtown / Hotel & Motel
- Kyuramen x TBaar - Gainesville / Restaurant
Property Details for 212 1st St
- Year built
- 2022
- Construction
- STEEL FRAME
- Lot size
- 0.06 lot acres
- Zone code
- DT
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 14562-002-000
- APU
- 14562002000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 27, 2022 | — | Magnolia Hotel Holdings LLC | Magnolia Street Hospitality LLC | Intrafamily Transfer · related | — |
| Mar 22, 2021 | — | Magnolia Street Hospitality LLC | — | Deed · related | $22.8M · Florida Cu |
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $1,430,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,053,000
Market price range: $745k - $3.89M -
Alternative Use
- Use
- Estimation
- HOTEL/MOTEL
- $1,630,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Gainesville
- County
- Alachua
- State
- Florida
- Longitude
- -82.3242
- Latitude
- 29.6499
- CBSA code
- 23540
- CBSA name
- GAINESVILLE, FL METROPOLITAN STATISTICAL AREA
