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Property profile & analytics
OFF-MARKET
Assisted living facilities

883 39th Ave Gainesville, FL 32609-2024

4.73 ac lot
Individually Owned 2-yr Hold Free & Clear
Property ID
US18-5210469
Property summary
AI-generated overview

This exceptional 4.73-acre commercial land parcel, located at 883 NE 39th Ave in Gainesville, Florida (Alachua County, zip code 32609), presents a unique investment opportunity within Gainesville's thriving automotive corridor. Zoned for Automotive-Oriented Business (BA), this site offers over 200,000 square feet of developable land, ready for immediate clearing and development. Its strategic location provides high visibility to over 19,000 vehicles daily, situated just off NE 39th Avenue and within walking distance of numerous established dealerships, including Honda, Nissan, Subaru, Mercedes-Benz, and Volkswagen. A new Tesla dealership is also slated to open nearby in 2025. The property's BA zoning permits a wide range of uses, including retail, gas stations, car washes, and light industrial businesses. Benefiting from its central Florida location, this site enjoys easy access to major transportation arteries, being less than 15 minutes from I-75 and within a two-hour drive of Jacksonville, Orlando, and Tampa. Gainesville's robust economic growth, with a 22.4% population increase over the past five years, further enhances the investment potential. Environmental assessments indicate no wetlands on the site, simplifying the development process. The asking price for this ready-to-develop property is $659,000. APN: 08231-008-002.

Property profile
Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Lot 4.73 ac (206,039 SF)
Zoning code PD
APN 08231-008-002
UPID US18-5210469
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Nathan Israel Osbrach · 2 yrs held
Nathan Israel Osbrach
since 2024
Last sale
$35,000
5 recorded transactions
2024
Price N/A
2012
Price N/A
2012
$35,000
2012
$24,000
2012
Price N/A
Zoning & alternative use
PD · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

use and planned development (PD) zoning may be used to designate new uses of properties within airport noise zones. J. Conflicting regulations. Where there exists a conflict between any of the requirements or limitations prescribed in these regulations and any other requirements, regulations or zoning applicable to the same area, whether the conflict be with…

Zone name Planned Development
General category PLANNED_DEVELOPMENT
Zone area 2,833.59 ac
Source code of ordinances
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