418 140Th TerNewberry, FL 32669

Property Details for 418 140Th Ter

Year built

1987

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.35 AC

Property size (Sq ft)

8,925 SF

Zone code

BR

Property type

Office properties

Property subtype

Office buildings

APN

04344-005-000

APU

4344005000

Description

This exceptional commercial property presents a unique investment opportunity in the thriving Jonesville area of Newberry, Florida. The campus-style site encompasses three buildings totaling over 27,000 square feet, situated on a generous 1.35-acre lot. The main building at 418 SW 140 Terrace offers 8,925 square feet of versatile office space, ideal for a variety of business needs. The additional two buildings provide ample room for expansion, storage, or separate tenant occupancy, allowing for significant flexibility and potential for increased revenue streams. The property's location within the growing Jonesville community ensures high visibility and easy access to key transportation routes, making it an attractive destination for employees and clients alike. This turnkey solution offers immediate occupancy and the potential for significant long-term growth. The substantial square footage and expansive land area provide ample room for future development or expansion to meet evolving business requirements. This is a rare opportunity to acquire a well-established commercial property in a dynamic and rapidly developing area. The asking price of $895,000 reflects the exceptional value and potential this property offers. Serious inquiries are encouraged to explore this compelling investment opportunity further.

• CAP approach

  CAP return

  Valuation

  6%

  $1,927,354

  6.5%

  $1,779,096

  7%

  $1,652,018

• Comparable approach

  Method

  Valuation

  Relative Method

  $606,989

  Geo Method

  $606,989

• Alternative Use

  Use

  Valuation

  Residential

  $2,206,079

  Hospitality

  $2,020,756

  Educational

  $1,681,246

  Medical

  $1,739,066

  Retail

  $2,615,271

Location Insight

City

Newberry

County

Alachua

State

Florida

Latitude

29.6485

Longitude

-82.4935

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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