2nd Floor Office Condo Portfolio at Union Street Station

For Sale

201 SE 2nd Ave, Gainesville, FL 32601

This Gainesville property for sale is located at 201 SE 2nd Ave. The general use of 2nd Floor Office Condo Portfolio at Union Street Station is office and it incorporates 27,772 square feet of class B office space. The current listed sale price for 2nd Floor Office Condo Portfolio at Union Street Station is $6,250,000. 2nd Floor Office Condo Portfolio at Union Street Station is situated on a lot that is 0.97 acre in size.

Contacts

Rick Cain

Lee & Associates

Property Details

  • Property Type Office - General Office
  • Property Size 27,772 SF
  • Units 6
  • Lot Size 0.97 Acre
  • Building Class B
  • Year Built 2000
  • Date Updated Oct 28, 2026
Downtown Gainesville, FloridaLocated within Union Street Station, this six-unit, 27,772± SF second-floor office condo portfolio offers investors a largely stabilized position in downtown Gainesville. The portfolio is 96.4% occupied, with approximately 1,000 SF available, and generates annual net operating income of $483,141, representing a 7.73% going-in capitalization rate. Its diversified tenant mix includes government-related, legal, healthcare staffing and community-service organizations. The property combines established in-place income with a downtown setting near restaurants, cafés, hotels and professional services. Direct access to the adjacent parking garage via a covered pedestrian skybridge, and the portfolio’s approximately 6.3-year weighted average lease term* provides income visibility, while lease-up of the remaining vacancy offers potential upside. Union Street Station is a mixed-use downtown development with office space, restaurants and other businesses nearby. DIVERSE DOWNTOWN TENANT ROSTER Union Street Station is home to a mix of public-sector, professional, healthcare and community-service organizations. This variety supports the portfolio’s diversified income profile, with 96.4% occupancy and an approximately 6.3-year weighted average lease term. See brochure for tenant roster. The portfolio pairs established office tenancy with the character and amenities of a mixed-use downtown destination. Dining, retail and nearby hotels add to the appeal, while the central location places tenants in the midst of Gainesville’s professional and civic activity. Own a significant office presence in one of downtown Gainesville’s most distinctive settings.
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Highlights

  • Attractive 7.73% going-in capitalization rate based on annual NOI of $483,141.
  • Convenient access to structured parking in the adjacent parking garage.
  • Diversified rental income across government-related, legal, healthcare staffing, and community-service tenants.
  • Highly stabilized investment with 96.4% occupancy and only 1,000 SF currently available.
  • Modest leasing upside through stabilization of the remaining 1,000 SF vacancy.
  • Premier downtown Gainesville location, within the Union Street Station mixed-use development.
  • Proximity to the University of Florida and UF Health, two of Gainesville's major institutional and employment anchors.
  • Six office condominium units offered as a single investment portfolio, totaling 27,772 SF.
  • Strong government-related and professional tenant mix, including the Veterans Administration, U.S. Army Corps of Engineers, Early Learning Coalition of Alachua County, Maxim Healthcare Services, and Florida Probate Law Group.
  • Walkable urban amenities, including restaurants, cafs, hotels, entertainment, and downtown professional services.
  • Weighted Average Lease Term (WALT) approximately 6.3 years (weighted by leased square footage)

Attachments

Getting around

  • 94/100

    Walk Score ®

  • 99/100

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Location

  • City Gainesville, FL
  • Neighborhood Springhill - Kirkwood
  • Zip Code 32601
  • Market North Central Florida

Points of Interest

  • Wawa

    0.66 miles

  • Refresh

    0.77 miles

  • Sunoco

    0.80 miles

  • Citgo

    1.03 miles

  • GATE

    1.07 miles

  • Kangaroo Express

    1.28 miles

  • Marathon

    1.52 miles

  • ChargePoint

    1.55 miles

  • Texaco

    2.68 miles

  • Tesla Supercharger

    3.64 miles

  • Lot 10

    0.18 miles

  • Ayers Plaza Parking lot

    0.55 miles

  • Ayers Plaza Overflow Parking

    0.67 miles

  • Norman Garage

    0.90 miles

  • Norman Field Lot Parking

    0.93 miles

  • Yulee Reid Parking

    1.02 miles

  • Cypress Parking

    1.03 miles

  • Fine Arts C Parking

    1.04 miles

  • PK Yonge Parking

    1.04 miles

  • Tigert Hall Parking

    1.04 miles

  • Hampton Inn & Suites Gainesville-Downtown

    0.05 miles

  • Hyatt Place Gainesville Downtown

    0.06 miles

  • Sweetwater Branch Inn

    0.31 miles

  • Gainesville Lodge

    0.36 miles

  • Holiday Inn Gainesville University Center

    0.93 miles

  • AC Hotel

    1.00 miles

  • Shands Guest House

    1.40 miles

  • Days Inn by Wyndham Gainesville University

    1.42 miles

  • Reitz Union Hotel

    1.49 miles

  • Home2 Suites

    1.56 miles

  • Chun Ching Supermarket

    0.78 miles

  • Winn-Dixie

    0.93 miles

  • Publix

    0.96 miles

  • Walmart Supercenter

    1.65 miles

  • Ward's Supermarket

    1.68 miles

  • Burlington

    2.03 miles

  • ALDI

    2.76 miles

  • Kohl's

    3.51 miles

  • Ross

    3.85 miles

  • Target

    4.13 miles

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