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3515 SW Archer Rd

3,107 SF Vacant Retail Building Gainesville, FL 32608 £2,756,950 (£887/SF) 4.35% Net Initial Yield

Investment Highlights

  • Located in a high traffic area.
  • Located near major department stores.

Executive Summary

PRICE REDUCED FROM $6,000,000 TO $3,500,000 = $2,500,000/41.6% REDUCTION
Would you like to Buy 3515 SW Archer Road Gainesville, FL Fee Simple Title Ownership for Sale, Delivered Vacant, Or,
For Sale Pizza Hut 3515 SW Archer Road Gainesville, FL Fee Simple Title Ownership for Sale Long Term Triple Net Lease.
LOCATION, LOCATION, LOCATION: Outparcel site of Kohls anchor department store that is a huge shopping draw.
50,000+/- college students within 1+/- mile of 2,000 acre campus of University of Florida second LARGEST in USA.
TRAFFIC COUNT IS EXCELLENT!!! 49,500 AADT Average Annual Daily Traffic count
Prime out-parcel Location just 2 properties off a busy hard traffic light corner intersection adjacent neighbors between KFC drive-in restaurant and Wachovia Bank, directly across the street from the 99.7% occupied 1,200,000 square foot regional Butler Plaza Mall.
34,848 square feet = .80 acres+/- existing land site now
34,848 sf x 35% FAR =
12,196 square feet is the maximum buildable floor area that can be applied for under the current building zoning code, provided that equivalent parking area were made accessible with turning radius calculations etc."

Property Facts Under Contract

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,107 SF
Building Class
C
Year Built
1977
Price
£2,756,950
Price Per SF
£887
Net Initial Yield
4.35%
NOI
£120,057
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
1
Building FAR
0.09
Lot Size
0.80 AC
Zoning
PUD - TCEA ZONE C
Parking
35 Spaces (11.26 Spaces per 1,000 SF Leased)
Frontage
42 ft on SW Archer Rd

Amenities

  • Banking
  • Restaurant
  • Drive Thru

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 3,107 SF
  • Retail
  • -
  • Now
Space Size Space Use Position Available
1st Floor 3,107 SF Retail - Now

1st Floor

Size
3,107 SF
Space Use
Retail
Position
-
Available
Now
Walk Score ®
Very Walkable (80)
Bike Score ®
Very Bikeable (86)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

VyStar Credit Union
Southstate Bank
Costa Vida Fresh Mexican Grill
Five Guys
HOTWORX
BurgerFi
Starbucks
Chili's Grill & Bar
Orangetheory Fitness
Stretchlab

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
06812-007-000
Land Assessment
£960,742
Improvements Assessment
£140,580
Total Assessment
£1,101,322
  • Listing ID: 29760954

  • Date on Market: 11/10/2023

  • Last Updated:

  • Address: 3515 SW Archer Rd, Gainesville, FL 32608

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