Property profile

519 NW 10Th Ave Gainesville, FL 32601

FOR SALE
Retail space
Property ID
US18-3406775
1,810 SF 0.58 ac lot Built 1963
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

A commercial mixed-use building is located on the signalized corner of NW 10th Ave and NW 6th St in Gainesville’s Grove Street District. The structure contains 6,019 square feet and sits on a corner lot with frontage along both streets, supporting pedestrian-oriented activity consistent with the surrounding Grove Street corridor. The interior has been gutted and is configured for tenant build-out, with previously prepared materials including approved architectural plans, mechanical and structural engineering drawings, and restaurant-oriented design plans. Zoning supports restaurant and/or retail use. The property is positioned near Cypress & Grove Brewing Company and among established independent retail and food-and-beverage tenants, within an area that hosts the weekly Grove Street Farmers Market on adjacent lots. The building materials and documentation include active building permits at the time referenced in the listing, and the property’s permitted status and applicable zoning requirements would require verification with the City of Gainesville.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1963
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,810 SF
Lot 0.58 ac (25,265 SF)
Zoning code U6
APN 09647-000-000
UPID US18-3406775

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
  • Animal Training
  • (Bike/Boat/Book/etc) Store

Location

519 NW 10Th Ave Gainesville, FL 32601
Gainesville metro Census 301 GAINESVILLE, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

1 recorded transaction
1969
Price N/A

Zoning & alternative use

U6 · Gainesville, FL
Zoning description

nt the Comprehensive Plan, to promote orderly urban growth, and to classify and regulate the use of land, water, buildings and structures within the city: Transects U1 Urban 1 U2 Urban 2 U3 Urban 3 U4 Urban 4 U5 Urban 5…

General category MIXED_USE

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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