$2,000,000
$1,955,000
2.3%For more information regarding the value of a property, please contact us for a free consultation.
7515 W UNIVERSITY AVE Gainesville, FL 32607
14,282 SqFt
Key Details
Sold Price $2,000,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 14,282 sqft
Price per Sqft $140
MLS Listing ID OM635081
Sold Date 08/24/23
HOA Y/N No
Originating Board Stellar MLS
Year Built 2000
Annual Tax Amount $40,901
Lot Size 1.530 Acres
Acres 1.53
Property Sub-Type Office
Property Description
Class A office/retail building located in the heart of growing West Gainesville. This two story professional office has excellent exposure along W University Avenue and the very busy Tower Road/75th Street. Property has quick access to I-75, prominent retailers and medical facilities. Investment activity has remained consistent in Gainesville and professional and business services is a bright spot for the market. Job growth in the sector leading up to the economic downturn had been more than twice the national average. This growth is likely due to the local educational institutions which have propped up educational attainment. The unemployment rate in Gainesville never eclipsed the national rate, and it remains lower than the national index. Property is located in Tower Hill Park, 14,282sf: 7,660sf first floor, 6,622sf second floor, 2,120sf canopy with five drive-through lanes. YB 2000, 1.53 acres, corner lot, Zoned PD, AADT 19,700 cars per day (FDOT 2022), 62 parking spaces, 268' frontage on W. University Ave. and 250' on NW 75th St., former multi-tenant bank building.
Location
State FL
County Alachua
Zoning PD
Interior
Cooling Central Air
Building
Story 2
Entry Level Two
Foundation Slab
Lot Size Range 1 to less than 2
Structure Type Brick
New Construction false
Others
Ownership Other
Special Listing Condition None
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Bought with BHGRE THOMAS GROUP
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