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    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
    2012
    2012
    $35,000
    2012
    $24,000
    2012
    Zoning & alternative use
    PD · Gainesville, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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