708 E UNIVERSITY AVENUE GAINESVILLE FL 32601 MLS #GC531733

Stunning Victorian has the ability to function as a live-work space for a small business AND it also includes an attached dwelling unit with immediate income potential! It is completely functional as a single-family home and, if additional downstairs rooms are preferred, the 528 square foot attached dwelling could easily be reconnected. The U4 zoning permits uses include office space, yoga/wellness studio, B&B or art gallery! It could also function as a restaurant with a special use permit. The main living space includes two ground-floor rooms with highly decorative fireplace mantels. The dining and kitchen area features a beautiful, repurposed bank-teller counter with wrought iron and beveled glass, and fabulous wood and glass folding doors connecting the two spaces. The ornate woodwork inside and out includes stylized trim work, oversized baseboards, gorgeous heart pine flooring throughout and a magnificently carved banister. Each doorway leading outside connects to a covered porch. The wrap-around back porch leads to an attached one-bedroom, one-bath apartment that is perfect for rental income and a separate building that was once the original kitchen. The second story in the main house has three spacious bedrooms with fireplaces, a large bathroom and a room with built-in cabinetry that is ideal for a home office. The roof was updated in December 2022 and there is an updated HVAC from 2016. The major restoration in 1981 updated all plumbing and electrical items. The brick-paved parking areas can be maintained as a parking or fenced to provide more privacy. The ideal Duckpond location allows easy access to downtown Gainesville, the University of Florida campus and Depot Park!