1005 76Th Blvd Gainesville, FL 32606
- Community centers
- 115,147 SF
- 10.42 lot acres
Current Use by Public Records
- TOWN & COUNTRY CLEANERS / Dry Cleaner
Property Details for 1005 76Th Blvd
- Year built
- 1988
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 10.42 lot acres
- Property size
- 115,147 SF
- Zone code
- BH
- Property type
- Community centers
- APN
- 06331-002-000
- APU
- 6331002000
Description
Newberry Crossing offers a prime retail opportunity in Gainesville, Florida. This 114,067 square foot shopping center boasts a strong tenant mix, including TJ Maxx, Bealls Outlet, and Earth Origins Market, ensuring high foot traffic and visibility. Currently, there is 5,084 square feet of vacant space available, ideal for a variety of retail uses. One space of 1,400 square feet is immediately available. The property is situated on a 10.55-acre lot and is zoned for Highway Oriented Business (BH), providing flexibility for potential tenants. Its strategic location in Gainesville places it advantageously between major metropolitan areas such as Miami and Atlanta, and within easy reach of Jacksonville, Orlando, and Tampa. Gainesville's thriving economy, fueled by a strong presence of leading colleges and universities, a diverse range of industries, and a burgeoning startup culture, contributes to a high quality of life and consistent ranking among the best places to live in the United States. The property benefits from its proximity to The Oaks Mall, Gainesville's largest shopping mall, and the North Florida Regional Medical Center (NFRMC), a major healthcare provider. This prime location ensures significant exposure to a large and diverse customer base. The combination of established anchors, ample space, and a desirable location makes this an exceptional investment opportunity for discerning retail businesses.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $7,930,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $9,815,000
- 6.5%
- $11,450,000
- 7%
- $9,840,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $9,335,000
- Geo Method
- $9,865,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $10,790,000
- Retail
- $8,650,000
- Mixed-Use
- $9,700,000
- Hospitality
- $9,135,000
- Educational
- $8,520,000
- Residential Income
- $10,035,000
- Energy
- $10,180,000
- Income-Based Land
- $9,905,000
- Food Service
- $11,395,000
Location Insight
- Map
- Local Demand
- City
- Gainesville
- County
- Alachua
- State
- Florida
- Longitude
- -82.4233
- Latitude
- 29.6629
- CBSA code
- 23540
- CBSA name
- GAINESVILLE, FL METROPOLITAN STATISTICAL AREA
