408 W University Avenue
Gainesville, FL 32601

$6,500,000

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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 Site524

Features

SQ Feet44,177
Story(s)1

Market Activity 32601

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Craig Carter

Craig Carter

 (352) 339-4038

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Area Information

StateFL
CountyAlachua
CityGainesville
Zip Code32601
Listing VS Median (in 32601)
Price:
$6,500,000
low | high
Med:
$7,300
100% of Average
SqFt:
44,177
low | high
Med:
7,300
100% of Average
$ / SqFt:
$147
low | high
Med:
$1
100% of Average
On Site:
524
low | high
Med:
80
100% of Average
Listing Updated: 02/20/2019
MLS Number: 408470
Listing Provided By:
Mary Brunel  of  Portal Realty
The information provide by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Some properties which appear for sale on this site may no longer be available because they are sold, under contract, or no longer being offered for sale. All information provided is deemed reliable but not guaranteed.

Craig Carter - Coldwell Banker MM Parrish Commercial

© 2018 Craig Carter - Coldwell Banker MM Parrish Commercial - (352) 335-4999.
Equal housing opportunity. An equal opportunity company.
© 2018 Coldwell Banker M.M. Parrish. Equal housing opportunity. An equal opportunity company.

© 2018 Coldwell Banker M.M. Parrish. All Rights Reserved. Coldwell Banker® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. Coldwell Banker M.M. Parrish fully supports the principles of the Fair Housing Act and Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchises are not provided by, affiliated with or related to Coldwell Banker Real Estate LLC nor any of its affiliated companies.
The information provide by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Some properties which appear for sale on this site may no longer be available because they are sold, under contract, or no longer being offered for sale. All information provided is deemed reliable but not guaranteed.
Listings updated 8 minutes ago