Investment Overview
Located in the heart of Downtown Gainesville, this 12,359± SF commercial property offers a distinctive opportunity for an owner-user or investor seeking a well-appointed office building with specialized banking infrastructure. The building features 5,617± SF of dedicated branch banking space with a vaulted central lobby, teller stations, bank vault, two-lane drive-thru, ATM station, and night deposit box. An additional 6,732± SF of traditional office space includes perimeter offices, a central hallway and basement-level office area. The two sections connect internally but can be leased separately, providing flexibility for a variety of occupancy and income strategies. Ample on-site parking, mature landscaping and a separate covered entrance for the office suite add to the property's functionality.
Positioned at the intersection of SE 4th Street and SE 2nd Place, the property offers convenient access to downtown's judicial, administrative and business centers, with restaurants, cultural destinations and entertainment nearby. The Innovation District is approximately 0.5 miles away, the University of Florida is 1 mile away, and Depot Park and the Hippodrome Theatre are within easy reach. Zoned Downtown Transect (DT), with an Urban Core (UC) future land use designation, the property also presents potential for future redevelopment, subject to applicable approvals and development requirements. Connected to GRU utilities and accessible via major roadways, public transit and regional transportation networks, the site offers both immediate usability and long-term flexibility in a central Gainesville location.
The existing 12,359± SF building offers a combination of specialized banking infrastructure and conventional office space in a central downtown location. Buyers can explore continued banking operations, professional office occupancy or a multi-tenant strategy that takes advantage of the building’s two distinct areas.
Beyond its existing improvements, the property offers buyers the opportunity to evaluate future redevelopment in one of Gainesville’s established urban districts. Its Downtown Transect (DT) zoning and Urban Core (UC) future land use designation provide a framework for a variety of potential uses, including residential, office and business development, subject to applicable regulations and approvals.
Buyers can continue utilizing the existing banking and office improvements while evaluating future plans, reposition the building for alternative uses, or explore redevelopment aligned with downtown’s urban framework. This flexibility allows an owner to consider immediate occupancy or income opportunities alongside longer-term investment objectives.
Investment Highlights
- 12,359± SF building with banking and office space
- Two-lane drive-thru with existing banking infrastructure
- Flexible layout with separate leasing potential
- Ample parking and mature landscaping
- Downtown location near UF and Innovation District
- DT zoning / UC future land use with redevelopment potential