2216 40Th TerGainesville, FL 32605

Property Details for 2216 40Th Ter

Year built

1996

Construction

WOOD

Lot size

0.07 AC

Property size (Sq ft)

3,072 SF

Zone code

PD

Property type

Office buildings

APN

06413-005-007

APU

6413005007

Description

This exceptional 3,072 square foot medical office space presents a turnkey opportunity in Gainesville, Florida's thriving Northwest Business District. Ideally situated near grocery stores, restaurants, and residential areas, this single-tenant property offers unparalleled convenience and accessibility. The interior boasts seven exam rooms, a spacious reception area with a comfortable waiting room, a convenient water fountain, a restroom, and abundant storage space. The layout is designed for optimal workflow and patient comfort. Ample parking is readily available for both staff and patients, enhancing the overall convenience of the location. A significant advantage is the inclusion of a private entrance/exit, providing enhanced privacy and security. This property is fully vacant and ready for immediate occupancy, making it an ideal investment for medical professionals seeking a well-appointed and strategically located practice space. The building's prime location within the Northwest Business District ensures high visibility and easy access for patients. This is a rare opportunity to acquire a fully equipped and conveniently located medical office space in a high-demand area. The property's size and features make it suitable for a variety of medical practices.

• CAP approach

  CAP return

  Valuation

  6%

  $663,398

  6.5%

  $612,368

  7%

  $568,627

• Comparable approach

  Method

  Valuation

  Relative Method

  $208,927

  Geo Method

  $208,927

• Alternative Use

  Use

  Valuation

  Residential

  $759,336

  Hospitality

  $695,548

  Educational

  $578,688

  Medical

  $598,590

  Retail

  $900,181

Location Insight

City

Gainesville

County

Alachua

State

Florida

Latitude

29.6733

Longitude

-82.3848

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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