883 39Th AveGainesville, FL 32609

  • Healthcare properties
  • 4.73 AC
For Sale
$659,000 View listing

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
883 39Th Ave, Gainesville, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$42
-
-
$1,900
-
$1,900
$210,950
$212,850

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].