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    3920 38Th St Gainesville, FL 32608

    Sponsored
    For Sale
    $1,100,000

    Prime Gainesville location, 1.1-acre residential lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This 1.1-acre parcel presents a remarkable opportunity for development in Gainesville, Florida. Located at 3920 SW 38th Street, in Alachua County, zip code 32608, this property is ideally situated in a high-traffic area along Archer Road, known as Gainesville's Retail Row. The site's strategic position offers excellent visibility and accessibility, making it suitable for a diverse range of projects. The property is directly adjacent to an established strip center anchored by popular businesses including Pita Pit, Chipotle, Brass Tap, Bento Cafe, and Mochi, ensuring high foot traffic and consumer visibility. This proposed development site can accommodate various building sizes, ranging from approximately 2,000 square feet to 10,000 square feet, with the potential for second-floor storage. The asking price for this exceptional 1.1-acre lot is $1,100,000. This land offers a unique chance to establish a retail business, a residential development, or a mixed-use concept in a thriving Gainesville commercial corridor. The property's location and potential make it an attractive investment for developers seeking a prime location with high growth potential. The coordinates are 29.617583 latitude and -82.381511 longitude.

    Property Features for 3920 38Th St

    General Information

    Property type
    Land
    Lot Size
    47,916 SF

    HighLights

    • $1,100,000 asking price.
    • 1.1‑acre residential land parcel.
    • Located in Gainesville, FL, 32608, at 3920 SW 38th St.
    • Prime location in Gainesville's retail corridor along Archer Road.
    • Suitable for retail, residential, or mixed‑use development (2,000‑10,000 SF).
    • Adjacent to a thriving retail center with established tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -82.381511
    Latitude
    29.617583

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    FAQs

    What type of property is this?
    Land - Prime Gainesville location, 1.1-acre residential lot.
    Where is this land located?
    The property is located at 3920 38Th St Gainesville, FL.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: $1,100,000 asking price.; 1.1-acre residential land parcel.; Located in Gainesville, FL, 32608, at 3920 SW 38th St.
    Request Owner's contact information
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    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
    3920 38Th St Gainesville, FL 32608
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