Contacts

Dan Drotos, MSRE, CCIM, SIOR

Lee & Associates Gainesville

Property Details

Property Type Retail - Street Retail
Property Size 79,678 SF
Lot Size 28.45 Acre
Parking Spaces Avail. 400
Property Tenancy Multi-Tenant
Building Class C
Year Built 1989
Date Updated May 14, 2026

Tower Center Shopping Plaza is a premier 28.45-acre commercial property strategically located just off Tower Road in Gainesville, Florida. This dynamic retail destination comprises three well-maintained parcels featuring a total of three buildings and is 100% leased, offering immediate in-place income and long-term upside potential.Building A, the centerpiece of the plaza, is a 66,803± SF strip center anchored by national wholesaler Restaurant Depot. The building includes 15 tenant spaces, creating a diverse and synergistic tenant mix that draws consistent customer traffic. Building B, constructed in 2020, spans 6,300± SF and is home to three tenants. The spaces feature full showroom windows and convenient parking for customers. Building C, delivered in 2022, offers 7,000± SF of space occupied by three tenants. With high visibility and direct frontage on Tower Road—a major north-south corridor with an average daily traffic count (AADT) of 21,000±—this building, which includes a drive-thru and a national QSR tenant, benefits from strong exposure with both monument and on-building signage.

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Highlights

Additional income streams include revenue from flip signage, billboard income from I-75 exposure, and CAM-generated revenue through shared water retention usage.
An outparcel is in place for future development of a 30,000± SF building, offering significant upside for expansion or redevelopment.
The plaza offers ample parking, with more than 400 spaces serving Buildings A and B, and an additional 47 dedicated spaces for Building C.
The site is accessed via a signalized intersection, ensuring smooth ingress and egress, and is ideally positioned with easy access to I-75, Gainesville’s primary interstate thoroughfare.