24809 W Newberry Rd Newberry, FL 32669
For Sale
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This exceptional 1.09-acre commercial property in Newberry, Florida, presents a unique investment opportunity. Located on Newberry Road (State Road 26), this property boasts over 200 feet of prime road frontage, benefiting from a high traffic count exceeding 18,000 vehicles daily (2022 FDOT data). The site comprises two parcels sold together, each featuring a three-bedroom, one-bathroom residence that has historically generated rental income. The combined square footage of the buildings totals 1,508 square feet, built in 1946. This versatile property is suitable for a wide range of commercial uses, including retail, hospitality, special purpose, and office spaces, given its existing structures and zoning. The property's location within a rapidly growing area experiencing significant increases in housing, shopping, professional businesses, and recreational activities makes it an attractive investment for both established businesses and new ventures. The property's dimensions are described as: E 90 FT OF W 800 FT OF N 210 FT OF NW1\/4 OF SW1\/4 OR 932\/397 & OR 2200\/1018 & OR 2479\/0212 And N 210 FT OF E 210 FT OF W 800 FT OF NW1\/4 OF SW1\/4 LESS E 90 FT PER OR 626\/ 158) OR 2694\/0393. The asking price is $950,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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