Property profile

4002 78Th Ter Gainesville, FL 32606

OFF-MARKET
Retirement homes
Property ID
US18-3099538
2.16 ac lot
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Property summary

AI-generated overview

This exceptional 2.16-acre commercial property in Gainesville, Florida, presents a remarkable redevelopment opportunity. Located on NW 39th Avenue, it boasts a prime location with high visibility and accessibility, experiencing 38,500 daily vehicle trips. The property's R-1 AA Low Density 1-4 Units per acre zoning allows for diverse development options, including residential, commercial, retail, office, and medical uses. Its strategic proximity to major amenities is a key advantage. Within walking distance, you'll find a Publix supermarket, UF Health and medical facilities, Santa Fe College, a campus credit union, and numerous shopping and dining establishments. Conveniently situated on a city bus route, the property also enjoys easy access to I-75 and is just five miles from the University of Florida. The seller is committed to providing ample time for due diligence to secure necessary approvals before closing. The potential for additional acreage is also available. This property offers a unique blend of location, zoning flexibility, and development potential, making it an ideal investment for discerning buyers. The asking price is $1,200,000. The property's APN is 06040-003-001. The address is 4002 NW 78 Terrace, Gainesville, FL 32606.

Property profile

Verified
Property type Retirement homes
Lot 2.16 ac (94,090 SF)
UPID US18-3099538

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Garden Center Landscaping

Location

4002 78Th Ter Gainesville, FL 32606
Gainesville metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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