2 Acres Prime Development 2814 SW 34th Street – Gainesville, FL 32608 Executive Summary DO NOT VISIT OR SPEAK WITH ANY ON-SITE STAFF AT ANY TIME At the intersection of SW 34th Street and Windmeadows Boulevard, this 2 acre parcel is truly one of the choicest properties in Alachua County. SW 34th is already a main corridor and with the massive addition to Butler Plaza going up by the day, Windmeadows Blvd will become a highly traveled roadway as it is envisioned to be the main entrance to Butler Plaza Town Center. The parcel is one block from Archer Road, the main restaurant and shopping corridor in Gainesville. The highest and best use is likely a multi-story mixed use facility. The current BUS zoning allows up to 5 stories of retail and office by right. A rezoning to U9 will allow up to 6 stories of retail, office, and/or multifamily by right (approximately 6 month process). The site has 3 deeded entrances, tremendous visibility, and superb access to UF Campus, Shands Hospital, shopping, restaurants, Celebration Point and I-75. The current owner, BBVA Compass, as the U.S. based subsidiary of the holding company, will require that the developer incorporate roughly 3,000-3,500 +/- SF of ground floor retail space for their bank, with a drive-thru, as well as subsequent separated corporate office space on the first or subsequent floors totaling approximately 4,500-5,500 SF. BBVA Compass is open to being in an outparcel or in-line with other ground floor tenancies as part of a multi-story building. Click Here To See Drone Footage Building Photo Development Notes • Current BUS zoning allows up to 5 stories of retail and office, but not multifamily. Three additional stories are possible with bonus points. • BUS zoning requires parking to follow the city’s general building code - 1/250 SF. • A hotel is permitted. • Zoning can likely be changed to Urban 9, which allows multifamily as well as commercial development up to 6 stories by right with 2 additional possible. Urban 9 has no specific parking requirements. (A zoning change will take roughly 6 months but cannot be started without site plan approval). • Drive-thru lanes are permitted in either zoning and do not have to be attached to the main building. • Existing access and signage should not be impacted. • The property drains to the existing Butler retention so no on-site retention is required unless additional impervious surface is created. • The property comes with substantial utility “credits” so there will likely be little if any impact fees for water or power. • The only trees of concern are on the perimeter of the property. Butler North Butler Town Center Walmart Total Wine Publix H&R Block Ashley Marshalls Miya Sushi Great Clips Dick’s Sporting Payless Rent A Center China King Longhorn TGIFridays The Hyppo Sleep Center Olive Garden Aldi McAlister’s Deli Cici’s Pizza Bahama Breeze Lowes Gigi’s Cupcakes Which Wich Sam’s Club Jimmy Hulas 4 Rivers BBQ Smoothie King Jimmy John’s Gator Mania Falafel King Burger Fi Orange Theory Jersey Mikes Starbuck’s Butler West Butler Central Target Publix Best Buy PetSmart Carter’s Old Navy Ross Office Max Rack Room Shoes Massage Envy Michael’s Pier 1 GNC Village Jeweler Tuesday Morning Trader Joe’s Hair Cuttery Maple Street Biscuit Zaxby’s AT&T Kirklands Ale House Arby’s Pollo Tropical Outback Yogurtology Dairy Queen Texas Roadhouse Hibbett Sports Zoe’s Celebration Pointe Bass Pro Shop Eddie Montgomery’s Rascal Flatts Grill Liquid Ginger Celebration Pointe Reggae Shack Margaritaville Kilwin’s Confections Miller’s Ale House InfoTech Hotel Indigo Luxury Regal Theatre Outlet Shopping SUBJECT LOCATION TAXING AUTHORITY Property Name BBVA Compass Jurisdiction City of Gainesville Street Address 2814 SW 34th Street Real Estate ID # 06810-001-006 & 06810-001-015 City Gainesville Assessed Value $2,777,330 State FL Millage Rate 0.0224 Zip 32608 Tax Obligation $62,167.86 County Alachua Tax Year 2016 SUBJECT SITE CONSTRUCTION DETAILS Parcel Numbers 06810-001-006 & 06810-001-015 Construction Type Glass/Stucco Parcel Size 1.97 Roof Tar & Gravel Flood Zone X Plumbing Unknown Zoning BUS Electric Unknown Date August 2017 HVAC Central Flooring – Living/Bedrooms Carpet Flooring Kitchen/Bath Tile SUMMARY Cabinets Faux Wood Style Office Countertops Laminate Year Built/Renovated 1980 Appliances Package Varies No. of Buildings 1 Fixtures Varies No. of Stories 2 Total Area 13,170 SF Heated/Cooled 2,232 SF Drive-thru UTILITIES Electric Tenant Water & Sewer Tenant Natural Gas N/A DEMOGRAPHIC SNAPSHOT Population 1-Mile 3-Mile 5-Mile 2017 Total Number 18,616 78,668 153,326 2022 Projection 19,563 81,899 158,872 2010 Census Population 17,089 74,666 146,320 Growth 2010-2017 8.9% 5.4% 4.8% Growth 2017-2022 Estimated 5.1% 4.1% 3.6% 2017 Estimated Median Age 23.4 23.7 26.9 2022 Estimated Median Age 23.5 23.9 27.5 HOUSEHOLDS Household 1-Mile 3-Mile 5-Mile 2017 Total Number 8,427 31,675 64,260 2022 Projection 8,825 33,071 66,622 2010 Census Households 7,849 29,926 61,327 Avg. Household Income $30,794 $41,991 $61,353 Avg. Household Size 2.10 2.17 2.22 Household Size Annual Rate 1.00% 0.81% 0.71% Occupied Housing Units 9,730 36,409 72,425 Owner Occupied 4.9% 15.4% 30.9% Renter Occupied 81.7% 71.6% 57.8% Beau Beery, CCIM Todd Rainsberger, PhD .