883 39Th AveGainesville, FL 32609

Property Details for 883 39Th Ave

Lot size

4.73 AC

Zone code

PD

Property type

Assisted living facilities

Property subtype

Retirement homes

APN

08231-008-002

APU

8231008002

Description

This exceptional 4.73-acre commercial land parcel, located at 883 NE 39th Ave in Gainesville, Florida (Alachua County, zip code 32609), presents a unique investment opportunity within Gainesville's thriving automotive corridor. Zoned for Automotive-Oriented Business (BA), this site offers over 200,000 square feet of developable land, ready for immediate clearing and development. Its strategic location provides high visibility to over 19,000 vehicles daily, situated just off NE 39th Avenue and within walking distance of numerous established dealerships, including Honda, Nissan, Subaru, Mercedes-Benz, and Volkswagen. A new Tesla dealership is also slated to open nearby in 2025. The property's BA zoning permits a wide range of uses, including retail, gas stations, car washes, and light industrial businesses. Benefiting from its central Florida location, this site enjoys easy access to major transportation arteries, being less than 15 minutes from I-75 and within a two-hour drive of Jacksonville, Orlando, and Tampa. Gainesville's robust economic growth, with a 22.4% population increase over the past five years, further enhances the investment potential. Environmental assessments indicate no wetlands on the site, simplifying the development process. The asking price for this ready-to-develop property is $659,000. APN: 08231-008-002.

• CAP approach

  CAP return

  Valuation

  6%

  $43,493,004

  6.5%

  $40,147,388

  7%

  $37,279,716

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,114,619

  Geo Method

  $16,114,619

• Alternative Use

  Use

  Valuation

  Residential

  $50,928,656

  Hospitality

  $46,650,376

  Educational

  $38,812,564

  Medical

  $40,147,388

  Retail

  $60,375,100

Location Insight

City

Gainesville

County

Alachua

State

Florida

Latitude

29.6868

Longitude

-82.3144

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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