602 75th St, Gainesville, FL 32607-1694
This prime Gainesville commercial building, located at 602 NW 75th St, offers 6,500 square feet of net rentable space across four separate units. Built in 1985 and renovated in 2016, the property sits on a 0.67-acre lot and boasts a total square footage of 6,890. Its mixed-use zoning allows for a variety of tenants, including retail, office, and other commercial uses. The asking price is $899,000, translating to $130.48 per square foot. Strategically positioned near the intersection of Newberry Rd and Tower Rd, this property benefits from high visibility and easy access to I-75, HCA North Florida Hospital, and Oaks Mall. The area is experiencing significant commercial development, promising strong future growth potential. Each of the four units is individually heated and cooled, providing flexibility for diverse tenants. This vacant property presents a unique opportunity for investors seeking a high-return investment in a thriving Gainesville commercial corridor. The property's location in Alachua County, Florida, zip code 32607, ensures convenient access to major transportation routes and a robust local economy. This single-story building represents a compelling investment opportunity in a rapidly developing area.
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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
BH · 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.