U14 is an existing 7,300 sf building that will be redeveloped into a 9,500 sf vibrant retail center known as U14. U14 can be demised into seven separate suites and includes a rooftop deck and over 6,000 sf of outdoor dining space. The Property is in an excellent location across the street from the University of Florida campus in the heart of campus-related activity on University Ave.
The subject property is located at 1402 West University Avenue in Gainesville, Florida, home of the University of Florida and the Florida Gators. The property is one block west of the intersection of the north and east borders of the University; both roads are heavily traveled state highways. The property is across the street from the Warrington School of Business and the main University Library (Smathers). University Avenue is a busy pedestrian avenue lined with commercial properties; restaurants, clubs and retail. There is virtually no vacancy along this section of University Avenue, which demands some of the highest rents in Gainesville and tenants generate market leading sales psf figures. Located to the north of U14 is a neighborhood of apartments and houses occupied primarily by the university student population (nearly 15,000 persons aged 15-34 within a one-mile radius). Over 1,000,000 fans attend Gator sporting events annually, all within a walking distance of U14.