3117 34th St Gainesville, FL 32608-1724
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.
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Zen Noodle Bar (Gainesville 34th & Archer) Restaurant
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Darrell's Dog Gone Good Diner Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
PD · Gainesville, FLGainesville. Always verify with local authorities before improvements.
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.