7515 SW 24TH AVENUE Gainesville, FL
$ 3,250,000
Property Attributes
  • MLS#GC501272
  • TypeCommercial
  • CountyALACHUA
  • CityGainesville
  • AreaGainesville
  • NeighborhoodTOWER24
  • Zip32607
  • StyleBusiness
  • Year Built2007
  • Taxes$ 36525
  • Price$ 3,250,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage9488
  • Lot Size1.19 Acres
Listing Provided Courtesy Of:
Data Source:
Stellar MLS
Property Description

The Millennium Bank at the corner of 7515 SW 24th Avenue and Tower Road offers a prime opportunity for discerning investors who understand the value of quality long-term NNN leases. Solid income opportunities are the name of the game in the commercial real estate market, and this asset delivers a quality asset and solid income. Millennium Bank is offering a sale / leaseback arrangement for investors with a $27.50NNN lease on the ground floor space, offering a CAP rate approaching 4% with the bank lease alone. The top floor can be leased either as a single office space or as individual executive offices, an option that has proven exceedingly popular in recent offerings. With rapid access to Haile Plantation, Oakmont, and the strongest growth areas in the greater Gainesville Metro area, this listing offers it all.

Price History
12/13/2021 Listed $3,250,000

General Features

Additional Parcels Y/N No
Building Area Units Square Feet
Construction Materials Brick
Cooling Central Air
County Alachua
Days on Market 33
Directions From W Newberry Rd and SW 75th Street- Head west on SW 75th Street- Millennium Bank is located on the corner of SW 24th AVE and SW 75th Street. Walgreens is located across the street.
Lot Size Square Feet 51762
MLS Area 32607 - Gainesville
New Construction No
Ownership Corporation
Property SubType Business
Property Type Commercial Sale
Standard Status Active
Status Active
Street Name 24TH
Subdivision Name TOWER24
Tax Annual Amount 36525
Tax Lot 53
Tax Year 2020
Total Number of Buildings 1
Township 10
Virtual Tour
Water Access YN No
Year Built 2007
Zoning PD

Interior Features

Flood Zone Code Zone X
Living Area 9488
Living Area Units Square Feet
Street Suffix AVENUE

Exterior Features

Building Area Total 11724
Foundation Details Slab
Lot Size Acres 1.19
Road Frontage Type Business District, City Street, Main Throrughfare
Road Surface Type Paved
Water Extras YN No
Water View YN No
Waterfront Y/N No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 32607

AVG $3.38M
AVG $9,064
AVG 21
Year Built
AVG 1931

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