Property profile

4551 39Th Ave Gainesville, FL 32606

OFF-MARKET
Retail properties & Spaces
Property ID
US18-5094743
1 SF 2.24 ac lot
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Property summary

AI-generated overview

This exceptional commercial land offering presents a unique investment opportunity in Northwest Gainesville, Florida. Located at 4551 NW 39th Ave, this property boasts 2.24+/- developable acres (out of a total 4.5 acres) and is zoned MU-1, permitting a drive-thru by right. Its strategic location along NW 39th Avenue, a major thoroughfare with an average daily traffic count of 33,000 vehicles, provides unparalleled visibility and accessibility. The site benefits from its proximity to the heavily trafficked NW 43rd Street retail corridor, shadow-anchored by the successful Magnolia Parke development, attracting over 876,000 visitors annually. Magnolia Parke features a diverse mix of tenants, including UF Health facilities, Starbucks, and Domino's, ensuring high foot traffic and brand recognition. This property is ideal for businesses seeking to capitalize on the substantial daily commute traffic, with an estimated 1,500 cars per hour during weekdays. The site offers excellent ingress/egress from NW 39th Avenue and provides convenient access to major roads and highways. With an estimated population of 175,481 within a 15-minute drive time, this location offers a large and diverse potential customer base. The property is available for sale, ground lease, or build-to-suit options, catering to a variety of development needs and investment strategies. This is a rare opportunity to establish a presence in one of Gainesville's most thriving retail corridors. The property's zoning allows for a wide range of commercial uses, making it an attractive investment for both established businesses and new ventures.

Property profile

Verified
Property type Retail properties & Spaces
Total area 1 SF
Lot 2.24 ac (97,574 SF)
UPID US18-5094743

Cap rate & NOI

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

Location

4551 39Th Ave Gainesville, FL 32606
Gainesville metro
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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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