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    3117 34Th St Gainesville, FL 32608

    For Sale
    $2,188,800

    High-traffic retail space, excellent location.

    Property size:
    5,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional retail investment opportunity is located within University Towne Center, a thriving multi-tenant shopping center in Gainesville, Florida. The property, encompassing 5,000 square feet across two units (Unit #1: 2,489 sq ft, Unit #2: 1,111 sq ft), sits on a 0.76-acre lot at the highly visible southeast corner of SW 34th Street and Archer Road, Gainesville's busiest retail thoroughfare. Its prime location offers unparalleled access to a substantial customer base, boasting an average daily traffic count of 27,374 vehicles on SW 34th Street. The property benefits from its proximity to I-75 (just over a mile away), Shands Hospital, the University of Florida, and numerous residential units. The center enjoys strong shadow-anchoring by Enson Market and YouFit, and is complemented by a diverse range of co-tenants including Carrabba's Italian Grill, DaVinci's, Taste Pho & Noodle House, Tropical Smoothie Cafe, and Sahao Cafe. Significant recent improvements include a new roof (2022) and new air conditioning (2023). The property includes 45 deeded parking spaces, with immediate parking at the building entrance and adjacent overflow parking. Prominent on-building and monument signage on SW 34th Street ensures high visibility for tenants. This is a rare opportunity to acquire a well-maintained, high-performing retail property in a dynamic and densely populated area. The asking price is $2,188,800.

    Property Features for 3117 34Th St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    5,000 SF
    Lot Size
    33,106 SF

    Building Details

    Year Built
    2005
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Zen Noodle Bar ... Vietnamese Restaurant Darrell's Dog Gone ... Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.37137
    Latitude
    29.62502

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic retail space, excellent location.
    Where is this commercial real estate located?
    The property is located at 3117 34Th St Gainesville, FL.
    What is the asking price?
    The asking price for this property is $2,188,800.
    (352) 732-3222
    Request Owner's contact information
    3117 34Th St Gainesville, FL 32608
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3117 34Th St Gainesville, FL 32608
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