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24809 W Newberry Rd Newberry, FL 32669

Mixed-use properties Google Maps
1,508 SF 1.09 ac lot Built 1946
Estimated value
No estimation on file for this property yet.
Property ID US18-4347673

Property summary

AI-generated overview

This exceptional mixed-use property in Newberry, Florida, presents a compelling investment opportunity. Located on heavily traveled State Road 26, just off State Road 45, this 1.09-acre parcel boasts 222 feet of prime road frontage. The property comprises two separate parcels sold together, each featuring a three-bedroom, one-bathroom residence. These residences have historically generated strong rental income, making this an attractive investment for those seeking immediate returns. The 2022 Florida Department of Transportation (FDOT) average daily traffic count exceeded 18,000 vehicles, underscoring the high visibility and accessibility of this location. The property sits within a rapidly growing area experiencing significant expansion in housing, retail, professional services, and recreational amenities. A zoning change, effective January 24, 2022, designates the property as "Commercial Intensive," opening up a wide range of development possibilities. The total square footage of the buildings is 1,508 square feet. This property is ideal for both seasoned investors seeking a strong return and entrepreneurs looking to establish a business in a thriving market. Detailed zoning information is available upon request. Don't miss this chance to capitalize on the growth and potential of this prime Newberry location.

Property profile

Verified
Property type Mixed-use properties
Year built 1946
Total area 1,508 SF
Lot 1.09 ac (47,480 SF)
UPID US18-4347673

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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