Gainesville, FL 32607,7515 W UNIVERSITY AVE
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Gainesville, FL 32607,7515 W UNIVERSITY AVE
Gainesville, FL 32607,7515 W UNIVERSITY AVE
Gainesville, FL 32607,7515 W UNIVERSITY AVE
Gainesville, FL 32607,7515 W UNIVERSITY AVE

$2,000,000

Est. payment /mo

$1,955,000

2.3%
Est.Price: ?

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7515 W UNIVERSITY AVE Gainesville, FL 32607

14,282 SqFt

SOLD DATE : 08/24/2023

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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Stellar MLS
Listed by NAI HERITAGE, LLC
Bought with BHGRE THOMAS GROUP
agent

Michael Wyckoff

Office | License ID: 3006024

+1(727) 642-6621

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