3920 38Th St Gainesville, FL 32608
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.