404 SW 140 Terrace

    Newberry, FL 32669
    • $3,600,000
    • STATUS: Active
    • ON SITE: 544 days
    • MLS #: 402315
    UPDATED: 49 min ago
    $3,600,000
    • 0
      BEDS
    • 5.64
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 50,555
      SQFT
    • $71
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:
    Area:

    School Ratings & Info

    Description

    World-class tenant has been in place for 20+ years anchors this excellent investment property. They occupy 62% of the property with three local tenants. In addition there are 14,000 +/- vacant SF that can be owner-occupied or leased to drive up the NOI. 2016 P&L shows NOI at $297,000 giving an as-is CAP rate of 7.6%. Owner is in the process of renovating the vacant space. The property is large enough to allow additional construction. Nice business park setting in the growing Jonesville area and just off of SR 26 (W. Newberry Road).

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    © 2018 Gainesville MLS, Inc. All Rights Reserved. Information deemed reliable but not guaranteed.The Broker Reciprocity logo designates real estate listings held by a brokerage firm other than Florida Homes Realty & Mortgage. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2018-08-19T15:07:23.357.
    www.locategainesvillehomes.com/homes/70029687

    404 SW 140 Terrace Newberry, FL 32669

    • Price: $3,600,000
    • Status: Active
    • Updated: 49 min ago
    • MLS #: 402315
    0
    Beds
    0
    Baths
    0
    ½ Baths
    5.64
    Acres
    50,555
    SQFT
    $71
    $/SQFT
    Neighborhood:
    Alachua
    County:
    Alachua
    Area:
    Alachua
    Property Description
    World-class tenant has been in place for 20+ years anchors this excellent investment property. They occupy 62% of the property with three local tenants. In addition there are 14,000 +/- vacant SF that can be owner-occupied or leased to drive up the NOI. 2016 P&L shows NOI at $297,000 giving an as-is CAP rate of 7.6%. Owner is in the process of renovating the vacant space. The property is large enough to allow additional construction. Nice business park setting in the growing Jonesville area and just off of SR 26 (W. Newberry Road).
    Property Features

    Class Commercial Condition (Oth)Other Legal Description Lengthy. See La. Short Sale YN No Sub Type Office Zoning Br

    Listing information © 2018 Gainesville MLS.
    Listing provided courtesy of Coldwell Banker M.M. Parrish Realtors.


    © 2018 Gainesville MLS, Inc. All Rights Reserved. Information deemed reliable but not guaranteed.The Broker Reciprocity logo designates real estate listings held by a brokerage firm other than Florida Homes Realty & Mortgage. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2018-08-19T15:07:23.357.
     
    Florida Homes Realty & Mortgage
    6216 NW 43rd Street, Building 3A
    Gainesville FL, 32653