3829 37Th Blvd Gainesville, FL 32608
Exceptional 2.64-acre commercial land parcel in Gainesville, Florida, is available for purchase at $2,500,000. This property boasts a highly desirable location, situated just east of I-75, a major Florida thoroughfare, and enjoys excellent visibility from Archer Road, a main artery through Gainesville with an average annual daily traffic count of 55,000. Its strategic position offers easy access to Butler Plaza, Florida's most visited shopping center, attracting over 20 million annual visitors and encompassing over 2 million square feet of retail space. The property is zoned MU-1, providing flexibility for a wide range of commercial uses. Permitted uses include, but are not limited to, hotels, multifamily residential, retail establishments, restaurants, and medical offices, allowing for diverse development opportunities. The site's proximity to the University of Florida and UF Health Shands Hospitals further enhances its appeal and potential for significant return on investment. This is a rare opportunity to acquire a substantial commercial land holding in a thriving Gainesville location with exceptional visibility and access to major transportation routes and a high-traffic retail center. The property's size and zoning make it ideal for a variety of mixed-use developments. The address is 3829 SW 37th Blvd, Gainesville, FL 32608, in Alachua County.
Cap rate
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Property description
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