3117 34Th St Gainesville, FL 32608
- Turn key restaurants
- 3,600 SF
- 0.76 lot acres
Current Use by Public Records
- Zen Noodle Bar (Gainesville 34th & Archer) / Vietnamese Restaurant / Asian Fusion Restaurant
- Darrell's Dog Gone Good Diner / Restaurant
Property Details for 3117 34Th St
- Year built
- 2005
- Construction
- WOOD
- Lot size
- 0.76 lot acres
- Property size
- 3,600 SF
- Zone code
- PD
- Property type
- Turn key restaurants
- APN
- 06780-004-000
- APU
- 6780004000
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $940,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $905,000
- 6.5%
- $960,000
- 7%
- $1,025,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,100,000
- Geo Method
- $1,120,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,125,000
- Retail
- $1,035,000
- Mixed-Use
- $1,120,000
- Hospitality
- $995,000
- Educational
- $875,000
- Residential Income
- $1,025,000
- Energy
- $940,000
- Income-Based Land
- $910,000
- Food Service
- $1,035,000
Location Insight
- Map
- Local Demand
- City
- Gainesville
- County
- Alachua
- State
- Florida
- Longitude
- -82.3712
- Latitude
- 29.625
- CBSA code
- 23540
- CBSA name
- GAINESVILLE, FL METROPOLITAN STATISTICAL AREA
