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5404 NW 8th Ave - 3.85 AC RETAIL REDEVELOPMENT 3.85 Acres of Commercial Land Offered at $4,200,000 in Gainesville, FL 32605
Investment Highlights
- Signalized corner location with prominent four-way intersection visibility.
- Surrounded by national retailers such as Target, TJ Maxx, Starbucks, and Best Buy.
- Two ingress/egress points provide ease of access and traffic efficiency.
Executive Summary
Positioned at a prominent signalized intersection within Gainesville’s thriving trade area, this property offers unparalleled visibility and strong daily traffic counts with over 59,000 combined vehicles per day along W Newberry Road and NW 55th Street. The site features two dedicated ingress and egress points, ensuring highly efficient traffic circulation and convenient customer access.
Set within an established infill location, the property benefits from a dense surrounding population of over 75,000 residents within three miles and strong co-tenancy from nationally recognized retailers including Target, TJ Maxx, Ross, and Starbucks. Less than one mile from The Oaks Mall and HCA Florida North Florida Hospital, the location draws sustained activity from both regional shoppers and medical-related traffic, making it a high-demand site for retail or healthcare users.
The flexible layout accommodates a broad range of service-oriented tenants and medical practices seeking brand exposure in a well-connected corridor. Proximity to major arterial roadways further enhances connectivity across Gainesville, supporting strong market positioning for long-term tenant success.
Parcel ID’s
06364-002-000 – 1.00 AC
Property Use Code- STORE/OFF/RES (01200)
06364-002-001 – 1.14 AC
Property Use Code- FLORIST (03000)
06364-000-000 - 1.71 AC
Property Use Code- FLORIST (03000)
Set within an established infill location, the property benefits from a dense surrounding population of over 75,000 residents within three miles and strong co-tenancy from nationally recognized retailers including Target, TJ Maxx, Ross, and Starbucks. Less than one mile from The Oaks Mall and HCA Florida North Florida Hospital, the location draws sustained activity from both regional shoppers and medical-related traffic, making it a high-demand site for retail or healthcare users.
The flexible layout accommodates a broad range of service-oriented tenants and medical practices seeking brand exposure in a well-connected corridor. Proximity to major arterial roadways further enhances connectivity across Gainesville, supporting strong market positioning for long-term tenant success.
Parcel ID’s
06364-002-000 – 1.00 AC
Property Use Code- STORE/OFF/RES (01200)
06364-002-001 – 1.14 AC
Property Use Code- FLORIST (03000)
06364-000-000 - 1.71 AC
Property Use Code- FLORIST (03000)
Property Facts
| Price | $4,200,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 3.85 AC |
| Property Type | Land | ||
| Zoning | C - Commercial | ||
| Price | $4,200,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 3.85 AC |
| Zoning | C - Commercial |
1 Lot Available
Lot
| Price | $4,200,000 | Lot Size | 3.85 AC |
| Price Per AC | $1,090,909.09 |
| Price | $4,200,000 |
| Price Per AC | $1,090,909.09 |
| Lot Size | 3.85 AC |
Prime infill location: Positioned within a dense, established trade area with limited new supply
Description
The property is located in Gainesville, Florida at a signalized intersection along W Newberry Road and NW 55th Street. Traffic counts include approximately 48,500 vehicles on W Newberry Road and 10,500 vehicles on NW 55th Street. The location is within one mile of HCA Florida North Florida Hospital and The Oaks Mall. The surrounding area includes major retailers such as Target, TJ Maxx, Ross, Starbucks, and Walmart, and serves a residential population density of more than 75,000 individuals within three miles.
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $734,772 | |
| Land Assessment | $1,677,060 | Total Assessment | $2,411,832 |
Property Taxes
Parcel Numbers
Land Assessment
$1,677,060
Improvements Assessment
$734,772
Total Assessment
$2,411,832
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