52 250Th StNewberry, FL 32669

Property Details for 52 250Th St

Year built

1951

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.42 AC

Property size (Sq ft)

3,248 SF

Zone code

CG

Property type

Gas stations

APN

02195-000-000

APU

2195000000

Description

This exceptional 18,295 square foot property in Newberry, Florida, presents a unique investment opportunity. Situated on a 0.42-acre lot at 52 NW 250th Street, this concrete block building boasts 3,808 square feet of total space, including 3,248 square feet of heated area. The building's layout is ideal for an auto body shop, featuring two offices, a kitchen, a conference room, ample storage, a four-space garage, and a single car paint booth. A significant advantage is the expansive car repair yard, providing ample space for vehicle storage and repair operations. The property's location is unparalleled, directly on US Highway 41, offering exceptional visibility and accessibility. Its proximity to the only traffic light in Newberry ensures high traffic volume and maximum exposure to potential customers. This turnkey operation is ready for immediate use, representing a rare chance to own a thriving business in a growing community. The asking price is $1,000,000. This is a truly exceptional opportunity to acquire a well-established business with significant growth potential in a desirable location. Don't miss out on this chance to own a piece of Newberry's commercial real estate landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $1,031,066

  6.5%

  $951,753

  7%

  $883,771

• Comparable approach

  Method

  Valuation

  Relative Method

  $556,659

  Geo Method

  $556,659

• Alternative Use

  Use

  Valuation

  Residential

  $802,840

  Hospitality

  $735,397

  Educational

  $611,842

  Medical

  $632,884

  Retail

  $951,753

Location Insight

City

Newberry

County

Alachua

State

Florida

Latitude

29.6471

Longitude

-82.607

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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