3205 SW 47TH AVE new Save Request In-Person Tour Request Virtual Tour
Gainesville,FL 32608
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 5,801 sqft
Price per Sqft $404
MLS Listing ID GC533715
Year Built 2005
Annual Tax Amount $10,986
Lot Size 6,534 Sqft
Property Sub-Type Office
New Construction false
Property Description
Prime investment opportunity in Gainesville, FL – 7,727 SF commercial property (5,801 SF heated & cooled) plus .11-acre expansion lot. Long-term national tenant ADT LLC, in place for over 20 years, recently extended lease through April 2029. Current NOI approx. $154,930/year with annual rent escalations. Tenant pays operating expenses and taxes. Offered at $2,495,000 (6.2% cap rate). Excellent 1031 exchange candidate with stable cash flow, strong credit tenant, and future upside potential near the University of Florida.
Location
State FL
County Alachua
Area 32608 - Gainesville
Zoning BUS
Interior
Cooling Central Air
Exterior
Roof Type Metal
Building
Foundation Slab
Structure Type Brick
New Construction false
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/GC533715