Restaurant at 706 W UNIVERSITY AVE, GAINESVILLE
1 photo

$48,600

706 W UNIVERSITY AVE
GAINESVILLE, FL 32601
Listed by Craig Carter · COLDWELL BANKER M.M. PARRISH REALTORS
Bedrooms
N/A
Bathrooms
N/A
Living area
2,430 sqft
Year built
1962

About this home

Former restaurant space for lease. Currently a shell which can be built out to a tenant's specific needs; building renovations are underway. This suite housed Leonardo's 706, a Gainesville icon, for decades. This property has great visibility from West University Avenue, plenty of parking and good signage. Just blocks to UF or downtown Gainesville and surrounded by an area that is already dense and becoming increasingly more dense by the day.

Property details

MLS #
MFRGC543769
Property type
Restaurant
Subdivision
BROWNS ADD FLORIDA COURT
Status
Active
Days on market
N/A
On market date
September 24, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.46 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
CAROLYN BEATRICE PARKER ELEMENTARY
1.03 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
527
Student:teacher ratio
16.0:1
District
ALACHUA
MiddleCharter
RESILIENCE CHARTER SCHOOL INC
1.51 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
1.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
114
Student:teacher ratio
22.8:1
District
ALACHUA
High
A.QUINN JONES CENTER
0.46 mi away · Grades 6-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
65
Student:teacher ratio
4.3:1
District
ALACHUA

Walkability

Blended score for GAINESVILLE's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

96
Highly walkable
out of 100
EPA National Walkability Index
18.5 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores9
Parks20
Schools20
Transit stops20
Pharmacies5

Market position

How this listing compares to current activity in GAINESVILLE, from live MLS data.

On the market 0 days -- 97 fewer days than GAINESVILLE's current average of 97 days.
For reference, the median list price across 1,459 active listings in GAINESVILLE right now is $224,900.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$443/mo
$9,720 down
$38,880 loan
Principal & interest$252
Property tax (est.)$41
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated 15 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.