3721 40Th TerGainesville, FL 32606

Property Details for 3721 40Th Ter

Year built

1994

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.03 AC

Property size (Sq ft)

1,254 SF

Zone code

PD

Property type

Healthcare properties

Property subtype

Medical offices

APN

06110-030-001

APU

6110030001

Description

This exceptional 2,593 square foot executive office building is available for sale at $515,000. Located at 3721 NW 40th Terrace in Gainesville, Florida (zip code 32606), this property boasts a desirable location within the Metrocorp Office Park, offering convenient access to major roadways and numerous amenities. The building features a thoughtfully designed layout including a welcoming reception area, multiple private offices ideal for individual executives or teams, a spacious conference room perfect for meetings and presentations, and a large open work area bathed in natural light thanks to a high vaulted ceiling. A fully equipped kitchen adds convenience, while a dedicated server room with its own air conditioning ensures optimal technology infrastructure. Three restrooms complete the functional design. The property is currently vacant, presenting an immediate opportunity for occupancy. The building is zoned PUD, offering flexibility for potential future uses. Ample parking is available for employees and clients. This turnkey office space is perfect for a business seeking a prestigious and functional location in a thriving Gainesville business district, close to Wells Fargo, Gateway Bank, Truist, and a variety of restaurants.

• CAP approach

  CAP return

  Valuation

  6%

  $270,801

  6.5%

  $249,970

  7%

  $232,115

• Comparable approach

  Method

  Valuation

  Relative Method

  $85,285

  Geo Method

  $85,285

• Alternative Use

  Use

  Valuation

  Residential

  $309,963

  Hospitality

  $283,925

  Educational

  $236,222

  Medical

  $244,346

  Retail

  $367,457

Location Insight

City

Gainesville

County

Alachua

State

Florida

Latitude

29.6875

Longitude

-82.3862

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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