Income producing retail investment located at 618 NW 60th St in Gainesville, Florida. This established, fully leased shopping center is positioned just off Newberry Road, located behind McDonalds and adjacent to Hobby Lobby, in close proximity to Oaks Mall and the University of Florida. The property benefits from strong traffic counts, excellent surrounding retail, and a highly desirable Northwest Gainesville location.
The center features a stable and diversified rent roll with long standing national and regional tenants including McAlisters Deli, The HoneyBaked Ham Company, Blackadder Brewing Company, Painting with a Twist, and additional service and food related users. Tenant longevity and brand recognition contribute to consistent income performance and reduced vacancy risk.
Situated on approximately 2.27 acres, the property totals approximately 23,364 square feet of retail space and is 100% occupied at the time of listing. The location offers convenient access to I 75 and is surrounded by major employment drivers and demand generators including North Florida Regional Medical Center, BJs Restaurant, Oaks Mall, and numerous retail, dining, and service establishments.
This offering presents an opportunity to acquire a stabilized retail asset with in place cash flow in a strong Gainesville submarket. Well suited for investors seeking reliable income, long term tenant stability, and exposure to a high demand commercial corridor.
Income producing retail investment located at 618 NW 60th St in Gainesville, Florida. This established, fully leased shopping center is positioned just off Newberry Road, located behind McDonalds and adjacent to Hobby Lobby, in close proximity to Oaks Mall and the University of Florida. The property benefits from strong traffic counts, excellent surrounding retail, and a highly desirable Northwest Gainesville location.
The center features a stable and diversified rent roll with long standing national and regional tenants including McAlisters Deli, The HoneyBaked Ham Company, Blackadder Brewing Company, Painting with a Twist, and additional service and food related users. Tenant longevity and brand recognition contribute to consistent income performance and reduced vacancy risk.
Situated on approximately 2.27 acres, the property totals approximately 23,364 square feet of retail space and is 100% occupied at the time of listing. The location offers convenient access to I 75 and is surrounded by major employment drivers and demand generators including North Florida Regional Medical Center, BJs Restaurant, Oaks Mall, and numerous retail, dining, and service establishments.
This offering presents an opportunity to acquire a stabilized retail asset with in place cash flow in a strong Gainesville submarket. Well suited for investors seeking reliable income, long term tenant stability, and exposure to a high demand commercial corridor.
Features
Building and Construction
Covered Spaces: 0.00
Flooring: Ceramic Tile, Luxury Vinyl, Tile, Vinyl
Living Area: 23674.00
Roof: Built-Up
Land Information
Lot Features: Central Business District, Landscaped, Near Public Transit, Shopping Center, Sidewalk, Street Lights, Paved
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Parking Features: Common, Ground Level, Over 30 Spaces
Eco-Communities
Water Source: Public
Utilities
Carport Spaces: 0.00
Cooling: Central Air
Heating: Central, Heat Pump
Road Frontage Type: Business District
Sewer: Public Sewer
Utilities: BB/HS Internet Capable, Public, Underground Utilities, Water Connected
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 496619.00
Other Expense: 0.00
Tax Year: 2025
Other Features
Country: US
Legal Description: COM NE COR SEC S 49.55 FT TO S R/W LINE SR-26 W ALG R/W 288.50 FT S 291.38 FT SLY ALG CURVE 37.67 FT S 5 DEG E 108.61 FT TO POB CONT S 5 DEG E 165.90 FT W 311.56 FT N 165 FT E 294.56 TO POB ALSO COM NE COR SEC S 49.55 FT W 288.50 FT S 267 FT POB S 24 .38 FT SLY ALG CURVE 37.65 FT S 5 DEG E 108.61 FT W 294.56 FT N 170 FT E 281.50 FT POB OR 4160/0950
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