000 Upon Request
Gainesville, FL 32603

Description

Extremely rare opportunity to own popular Restaurant/Bar (w/ 4COP Liquor License) in the heart of Mid-Town and across the street from Gainesville's most iconic restaurant , The Swamp. Located less than 1 block away from UF Campus/Stadium, and steps away from a new 589 bed student housing project, This turn key operation had a complete $300k+ renovation last year. Updates include; New Sprinkler system, HVAC, Plumbing, Electrical, Hood system, Walk in cooler, Bathrooms, and all new FF&E. With over 13 years of lease remaining and 12+ yrs of good will, this popular venue has great name recognition perfect for new Owner/Operator. Subject Plaza located in area w/ highest pedestrian density in all of Gville w/ over 19,000 students living in less than a 1 mile radius, which makes leasing opportunities almost unheard of. Plaza also has ample parking (very rare). Current occupancy 112+/- with potential to go up to 250+ w/ layout change. Business has great revenue and comes with full Liquor License which has been Grandfathered in for this location! *Please understand that these are not actual photos of the property to protect the business. More information can be provided once NDA, PFS, POF or Pre-Approval Letter is received.

Details

MLS#421498
TypeRetail
Sub-TypeResale
StatusActive
Days On Site97

Features

SQ Feet1,936
Story(s)1

Market Activity 32603

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Area Information

StateFL
CountyAlachua
CityGainesville
Zip Code32603
Listing VS Median (in 32603)
Price:
$699,000
low | high
Med:
$272,500
100% of Average
SqFt:
1,936
low | high
Med:
893
100% of Average
$ / SqFt:
$361
low | high
Med:
$305
65.453668986449% of Average
On Site:
97
low | high
Med:
40
100% of Average
Listing Updated: 04/24/2019
MLS Number: 421498
Listing Provided By:
Jordan Fennell  of  Campus Realty
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