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Property profile & analytics
OFF-MARKET Estimated value $945,000
Turn key restaurants

3117 34th St Gainesville, FL 32608-1724

3,600 SF 0.76 ac lot Built 2005
Entity Owned 3-yr Hold Free & Clear
Property ID
US18-6166989
Property summary
AI-generated overview

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 profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2005
Construction WOOD
Total area 3,600 SF
Lot 0.76 ac (33,106 SF)
Zoning code PD
APN 06780-004-000
UPID US18-6166989
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Zen Noodle Bar (Gainesville 34th & Archer) Restaurant
  • Darrell's Dog Gone Good Diner Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$960k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.02M
Blend (final) Blend
$945k
Owner & transaction history
Renegade Properies 1 LLC · 3 yrs held
Renegade Properies 1 LLC
since 2023
Last sale
$942,500
3 recorded transactions
2023
$942,500
2015
$100
2005
$1.3M
Zoning & alternative use
PD · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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