883 39Th AveGainesville, FL 32609
- Healthcare properties
- 4.73 AC
Property Details for 883 39Th Ave
- Lot size
- 4.73 AC
- Zone code
- PD
- Property type
- Healthcare properties
- Property subtype
- Assisted living facilities
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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