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    14623 Newberry Rd Newberry, FL 32669

    For Sale
    $1,990,000

    Prime 2-acre retail site, high traffic.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 2-acre commercial land parcel presents a remarkable investment opportunity in Newberry, Florida. Located at 14623 W Newberry Rd (SR 26), this pad-ready site boasts unparalleled visibility and accessibility, with an impressive average annual daily traffic count of 20,000 vehicles. The property is strategically situated within the Laureate Village development, a thriving 130+ acre mixed-use community featuring over 264 multi-family units (currently under construction, with completion expected December 2024) and approximately 250 single-family homes (40 built/under construction, 111 lots platted/shovel ready as of February 2024). This ensures a robust and growing customer base for any commercial venture. The site benefits from its location on two sides of a multifamily development, providing convenient access and high visibility. Utilities are readily available, and the property includes street-surrounding parking. Zoned R-1B with a Traditional Neighborhood Design (TND) overlay, as defined by Alachua County's Unified Land Development Code (ULDC), this parcel is ideal for a variety of retail or commercial uses within this established mixed-use environment. The asking price for this exceptional opportunity is $1,990,000. The APN is 04350-003-000. Don't miss this chance to secure a prime location in a rapidly expanding community.

    Property Features for 14623 Newberry Rd

    General Information

    Property type
    Land
    Lot Size
    87,120 SF

    HighLights

    • Excellent W. Newberry Road visibility and accessibility.
    • Utilities readily available on‑site.
    • Excellent location surrounded by new residential development.
    • High traffic count with 20,000 Average Annual Daily Traffic (AADT).
    • Ample on‑site parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newberry
    County
    Alachua
    State
    Florida
    Longitude
    -82.50098960748
    Latitude
    29.653886501237

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    FAQs

    What type of property is this?
    Land - Prime 2-acre retail site, high traffic.
    Where is this land located?
    The property is located at 14623 Newberry Rd Newberry, FL.
    What is the asking price?
    The asking price for this property is $1,990,000.
    What are key features of this property?
    This property features: Excellent W. Newberry Road visibility and accessibility.; Utilities readily available on-site.; Excellent location surrounded by new residential development.
    Request Owner's contact information
    14623 Newberry Rd Newberry, FL 32669
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    Newberry, FL 32669
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    14623 Newberry Rd Newberry, FL 32669
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