REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,200,000
Est. payment /mo
Active
1504 SW 74TH DR Gainesville, FL 32607
6,840 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 6,840 sqft
Price per Sqft $175
MLS Listing ID GC530697
Construction Status Completed
HOA Y/N No
Year Built 2023
Annual Tax Amount $18,398
Lot Size 3,484 Sqft
Acres 0.08
Property Sub-Type Retail
Source Stellar MLS
Property Description
Net Lease Investment Offering. NOI is $79,716, Offered at a 6.64% cap rate. Long term leases in place, with 7+/- years remaining term. Minimal Landlord responsibilities. Tenants responsible for all building expenses excluding maintenance of structural elements, which is anticipated to be minimal due to the age of the structure (2023). Current tenants, Marco's Pizza and Grand Oaks Nail Salon, underscore the property's appeal with stable, experience-driven operators.
Located within the thriving Markets West Commercial Park, this multi-tenant site at 1504 SW 74th Drive benefits from excellent visibility just off SW 75th Street (Tower Road)--a key corridor between Newberry and Archer Road--at a bustling roundabout that provides smooth access into the development. Surrounded by high-income neighborhoods and anchored by strong nearby tenants like O2B Kids, HCA Florida, Sherwin Williams, Elliano's Coffee, and Dollar General, the site enjoys consistent local traffic and regional draw.
The area features over 13,000 residents within a 1-mile radius and average household incomes above $100,000, makinng it an ideal location for service-oriented retail. Just 2.5 miles from I-75, the site combines easy access with a community-focused setting.
Located within the thriving Markets West Commercial Park, this multi-tenant site at 1504 SW 74th Drive benefits from excellent visibility just off SW 75th Street (Tower Road)--a key corridor between Newberry and Archer Road--at a bustling roundabout that provides smooth access into the development. Surrounded by high-income neighborhoods and anchored by strong nearby tenants like O2B Kids, HCA Florida, Sherwin Williams, Elliano's Coffee, and Dollar General, the site enjoys consistent local traffic and regional draw.
The area features over 13,000 residents within a 1-mile radius and average household incomes above $100,000, makinng it an ideal location for service-oriented retail. Just 2.5 miles from I-75, the site combines easy access with a community-focused setting.
Location
State FL
County Alachua
Area 32607 - Gainesville
Interior
Heating Central
Cooling Central Air
Building
Story 1
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Structure Type Cement Siding
New Construction true
Construction Status Completed
Others
Ownership Corporation
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
© 2025 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Listed by SWIFT CREEK REALTY & INVESTMENT CORP
MORTGAGE CALCULATOR
Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.
Payment
Schedule
Your mortgage payments over 30 years will add up to $0.
Get more info from a local expert!