Craig Carter - Coldwell Banker MM Parrish Commercial
408 W University Avenue
Gainesville, FL 32601

$9,000,000

Description

Own a controlling share of the Seagle building! Listing is for the first 6 floors and residential units 7B, 8A, 9A, and the Penthouse - equaling over a 75% ownership stake in Gainesville's historic Seagle Building. Perfect 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. Less than a mile from UF and Downtown. 42,000 total sqft of rentable/buildable 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. Sale includes solar panels on top of first floor. Comes with existing Leases and parking lots. Detailed financials, condominium documents, and structural blueprints available upon request. ***Update!!*** Seller willing to partition up offering as follows: 1) For the first six floors - $6.5 million 2) For the first two floors - $4.5 million ** 3) Per Individual floor - $185 per square foot. ** The 4.5 Million would include usage of eastern parking lot (~.5 acres) and voting support by owner (majority association). Email for details.

Details

MLS#408470
TypeIQWeb_Office Bldg
Sub-TypeResale
StatusActive
Days On Site457

Features

SQ Feet42,000
Story(s)1

Market Activity 32601

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Area Information

StateFL
CountyAlachua
CityGainesville
Zip Code32601
Listing VS Median (in 32601)
Price:
$9,000,000
low | high
Med:
$7,700
100% of Average
SqFt:
42,000
low | high
Med:
4,200
100% of Average
$ / SqFt:
$214
low | high
Med:
$2
100% of Average
On Site:
457
low | high
Med:
340
100% of Average
Listing Updated: 12/15/2018
MLS Number: 408470
Listing Provided By:
Mary Brunel  of  Portal Realty
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