$1,500,000
1516 Main Street
Gainesville, FL 32601
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
High visibility corner car lot with prominent signage. On Auto Row, with close proximity to Publix, Tom Petty Park, and a middle school. 5 minutes from the University of Florida. And 10 minutes from Gainesville Regional Airport. Flexible U8 Zoning allows drive-thru and freestanding retail uses.
Local Insight
At $397/sqft, you're paying a significant premium for Main Street visibility in downtown Gainesville, so this deal only makes sense if foot traffic and location equity matter more than raw square footage—584 sqft is genuinely tight for most retail concepts. The 1986 construction date means you should budget for potential HVAC, electrical, and structural updates before moving in, especially since older downtown buildings often have hidden issues. Being in flood zone X is a genuine advantage here (no flood insurance required), which helps with carrying costs, but verify the actual street-level elevation and any historical flooding issues since downtown Gainesville has experienced water problems.
AI-generated insight based on listing data and neighborhood context. Verify independently.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history613 days on market
- Status: ActiveJun 30, 2025
- Listed$1,500,000Jan 23, 2024
- Price increased$1,500,000
Facts & features
- Property type
- Commercial Sale
- Sub type
- Retail
- Status
- Active
- Days on market
- 613
- Subdivision
- Stringfellows Rplt-Part
- County
- Alachua
- Year built
- 1986
- Living area
- 584 sq ft
- Price/sq ft
- $397
- Building area
- 3,776 sq ft (Public Records)
- Lot size
- 24,002 sq ft
- Lot category
- 1/2 to less than 1
- Flood zone
- X
- Annual taxes
- $9,531 (2023)
- Parcel #
- 09876-001-000
- Zoning
- U8
- MLS #
- GC518901
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Interior Details
- Flooring
- Tile
- Direction faces
- Northeast
Heating & Cooling
- Heating
- Ductless
- Cooling
- Wall/Window Unit(s)
Parking
- Parking features
- Parking Spaces - 19 to 30
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- Listing terms
- Cash, Conventional
- Ownership
- Corporation
Exterior & Construction
- Construction materials
- Metal Frame, Metal Siding
- Foundation
- Slab
- Road surface
- Asphalt
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Public
Listing Details
- Listing date
- 2024-01-22
- On market date
- 2024-01-23
- Original list price
- $1,500,000
- MLS area
- 32601 - Gainesville
- Listing AOR
- Gainesville-Alachua
- Status changed
- 2025-06-30
- Tax legal description
- J B BAILEY ESTATE DB K-203 A LOT 166 FT E & W BY 150 FT N & S IN NE COR LOT 22 S & W OF R/W ALL PER OR 4868/2129
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
The property is on the Southwest Corner of the intersection of NE 16th ave and N Main St
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of January 15, 2026 at 5:29 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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