3205 SW 47TH AVENUE at

3205 SW 47TH AVENUE

For sale Days on market 172

$1,997,500

$344/sq ft

$347,500
Price Decreased

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Overview

Year Built

2005

Sqft

5801

Property Type

Office

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 $2,345,000 (6.0% cap rate). Excellent 1031 exchange candidate with stable cash flow, strong credit tenant, and future upside potential near the University of Florida.

Property Details

MLS#

GC533715

Address

3205 47TH SW

City

Gainesville

State/county

Zip/Postal Code

32608

Area

N/a

Country

United States

HOA

Yes

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$10,986

Maint Fee

$--

Tax Year

2024

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