408 W University Avenue
Gainesville, FL 32601

$6,500,000

Description

Own a piece of the historic Seagle building! Sale is for the super majority interest (66%) of the Seagle building, comes with control over board and fantastic redevelopment opportunities! Perfect opportunity for Investors or owner/developers, most tenants are on short term leases. Floors 2 - 6 can easily be converted from office space into residential condo units or apartments - raising their rental or sales price per square foot substantially. Less than a mile from UF and Downtown. 44,177 total sqft of space zoned commercial and additional residential units. 147 parking spaces on site with an additional lot of 20+ parking spaces long term leased from the city. Eastern parking lot is .5 arces in size and zoned DT! Detailed financials, condominium documents, and structural blueprints available upon request. Located in an opportunity zone, with CRA grant money available and historic tax write offs!

Details

MLS#408470
TypeIQWeb_Office Bldg
Sub-TypeResale
StatusActive
Days On Site519

Features

SQ Feet44,177
Story(s)1

Market Activity 32601

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Area Information

StateFL
CountyAlachua
CityGainesville
Zip Code32601
Listing VS Median (in 32601)
Price:
$6,500,000
low | high
Med:
$10,355
100% of Average
SqFt:
44,177
low | high
Med:
10,994
100% of Average
$ / SqFt:
$147
low | high
Med:
$1
100% of Average
On Site:
519
low | high
Med:
246.5
100% of Average
Listing Updated: 02/15/2019
MLS Number: 408470
Listing Provided By:
Mary Brunel  of  Portal Realty
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