Technical
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Property profile

8 8Th Ln Newberry, FL 32669

OFF-MARKET
Land
1.27 ac lot
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Property summary

AI-generated overview

This exceptional 1.27-acre parcel of commercially zoned vacant land presents a prime development opportunity within the thriving Newberry Commercial Park. Located in Alachua County, Florida, this property boasts a Commercial-Intensive (C-I) zoning designation, allowing for a wide range of commercial uses. All necessary infrastructure is already in place, eliminating significant upfront development costs and expediting the construction process. The site features off-site retention, simplifying the permitting and building process. Its strategic location just off US Highway 27 provides excellent visibility and accessibility, ensuring high traffic volume and convenient access for customers and employees. The property is minutes from the city of Newberry and close to High Springs, benefiting from the combined advantages of both communities. Newberry itself is experiencing significant growth, with recent developments including a new 50,000 square foot Publix shopping center and a planned 4,500-home residential development. Major regional and national retailers are also planning to establish a presence in Newberry in the coming years, creating a robust and expanding market. This presents a unique opportunity to capitalize on this burgeoning area's growth potential. Due diligence documents are available for transfer to the new owner. The asking price for this exceptional property is $199,000. Don't miss this chance to secure a prime location for your next commercial venture. The address is Northwest 8 Lane, Newberry, FL 32669.

Property profile

Verified
Property type Land
Lot 1.27 ac (55,321 SF)

Cap rate & NOI

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

Location

8 8Th Ln Newberry, FL 32669
Newberry metro
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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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