1005 76Th BlvdGainesville, FL 32606

Property Details for 1005 76Th Blvd

Year built

1988

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

10.42 AC

Property size (Sq ft)

115,147 SF

Zone code

BH

Property type

Retail properties

Property subtype

Community centers

APN

06331-002-000

APU

6331002000

Description

Newberry Crossing offers a prime retail opportunity in Gainesville, Florida. This 114,067 square foot shopping center boasts a strong tenant mix, including TJ Maxx, Bealls Outlet, and Earth Origins Market, ensuring high foot traffic and visibility. Currently, there is 5,084 square feet of vacant space available, ideal for a variety of retail uses. One space of 1,400 square feet is immediately available. The property is situated on a 10.55-acre lot and is zoned for Highway Oriented Business (BH), providing flexibility for potential tenants. Its strategic location in Gainesville places it advantageously between major metropolitan areas such as Miami and Atlanta, and within easy reach of Jacksonville, Orlando, and Tampa. Gainesville's thriving economy, fueled by a strong presence of leading colleges and universities, a diverse range of industries, and a burgeoning startup culture, contributes to a high quality of life and consistent ranking among the best places to live in the United States. The property benefits from its proximity to The Oaks Mall, Gainesville's largest shopping mall, and the North Florida Regional Medical Center (NFRMC), a major healthcare provider. This prime location ensures significant exposure to a large and diverse customer base. The combination of established anchors, ample space, and a desirable location makes this an exceptional investment opportunity for discerning retail businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $36,553,012

  6.5%

  $33,741,240

  7%

  $31,331,154

• Comparable approach

  Method

  Valuation

  Relative Method

  $19,734,492

  Geo Method

  $19,734,492

• Alternative Use

  Use

  Valuation

  Residential

  $28,462,000

  Hospitality

  $26,071,040

  Educational

  $21,690,798

  Medical

  $22,436,778

  Retail

  $33,741,240

Location Insight

City

Gainesville

County

Alachua

State

Florida

Latitude

29.6629

Longitude

-82.4233

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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