315 138Th TerNewberry, FL 32669

Property Details for 315 138Th Ter

Year built

2004

Construction

WOOD

Lot size

0.12 AC

Property size (Sq ft)

5,035 SF

Zone code

PD

Property type

Office properties

Property subtype

Office buildings

APN

04341-009-000

APU

4341009000

Description

This exceptional 5,095 square foot, single-story office building in Newberry, Florida, is available for $975,000. Located at 315 NW 138th Terrace in the rapidly growing Jonesville area, this Class B, owner-occupied property boasts a versatile floor plan ideal for a single tenant or multiple businesses. Built in 2004 with significant renovations in 2013, 2020, and 2021, the building features a reception area, seven to eight offices, a central design and production center, a conference room with built-in storage, and a unique lab area. Additional amenities include a large (1000+ sq ft) partially cooled attic for storage, a 2013 metal roof, three newer HVAC systems (2013, 2020, and 2021 with dehumidifiers), fiber internet, CAT 5 cabling, and a kitchen with refrigerator, range, microwave, and dishwasher. Three aesthetically designed entrances offer flexibility for multiple tenants. The property also includes a hidden IT room with mini-split AC, three bathrooms (one pre-plumbed for a shower), abundant parking, and a fantastic location within walking distance of shopping and restaurants. The 0.12-acre lot is zoned PD. The current owner/tenant will vacate prior to closing. Furnishings are negotiable. This is a 100% occupied, single-unit property.

• CAP approach

  CAP return

  Valuation

  6%

  $1,087,308

  6.5%

  $1,003,669

  7%

  $931,978

• Comparable approach

  Method

  Valuation

  Relative Method

  $342,430

  Geo Method

  $342,430

• Alternative Use

  Use

  Valuation

  Residential

  $1,244,550

  Hospitality

  $1,140,001

  Educational

  $948,467

  Medical

  $981,087

  Retail

  $1,475,394

Location Insight

City

Newberry

County

Alachua

State

Florida

Latitude

29.6567

Longitude

-82.4896

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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