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$495,000 • living size area 1 sqft
Nnn investment opportunity: .58 acre tract well located along university avenue close to downtown gainesville. this parcel is home to the gainesville lodge a 20,230 sf motel built in 1961. this sale is for the underlying land. gainesville lodge has a long term ground lease in place with options through 2049. ground lessee: gainesville lodge current base rent: $12,000/yr + 8.5% of tenants gross reciepts 2016 total rent: $32,323/yr nnn options through 2049 increases in base rent and percentage rent at options sale does not include building improvements or business lease and further details available upon request.Multi Family -
413 W UNIVERSITY, GAINESVILLE, FL 32601
Date Sold 08-10-2017
Sold Price$465,000 Asking Price$495,000
Share by:
- Living 1sqft
- Taxes: Register to see
-
Days on market:
135 day(s) Original Price:
$495,000-
Price per sqft:
$495000 Tax Legal Description:
MCCARROL PLAT PB A-21 COM 26 FT W OF NE COR LOT 1 E 90 FT S 284 FT W 90 FT N 284 FT TO BEG OR 1414/645 OR 1667/2014 - & 2015Tax Year:
2016-
MLS:
GC403527 -
Property Type:
Multi Family
Description
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