0 30Th Ave Newberry, FL 32669
This exceptional 227-acre mixed-use development opportunity is situated in Newberry, Florida, offering significant potential for both residential and commercial ventures. Located on the north side of Southwest 30th Avenue, approximately 800 feet east of US Highway 27, this property benefits from its convenient location within the city limits of Newberry, Alachua County, Florida, zip code 32669. A key advantage is the existing Development Agreement with the City of Newberry, valid until December 31, 2030. This agreement permits the construction of up to 999 residential units and approximately 428,000 square feet of non-residential space, providing considerable flexibility for diverse development plans. The property's substantial size, combined with the approved development parameters, presents a rare chance to create a thriving community. Utilities are readily accessible in the vicinity, streamlining the development process. The asking price for this expansive parcel is $7,000,000. This presents a compelling investment opportunity for developers seeking a large-scale project with pre-approved entitlements in a desirable Florida location. The property's strategic location and existing development agreement significantly reduce risk and expedite the development timeline. This is a truly unique opportunity to shape a significant piece of Newberry's future.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.