Hi There! Is this Your First Time?

Did you know if you Register you have access to free search tools including the ability to save listings and property searches? Did you know that you can bypass the search altogether and have listings sent directly to your email address? Check out our how-to page for more info.

  • Price$3,600,000
  • Acres5.64

404 Sw 140 Terrace, Newberry

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).

Have a question?

Jocelyne Grandjean-Brown

Realtor

Need a Mortgage?

Alan McGlynn

Mortgage Specialist

Essential Information

  • MLS® #402315
  • Price$3,600,000
  • Acres5.64
  • TypeCommercial
  • Sub-Type(OFF)Office
  • StatusACTIVE

Additional Information

  • Date ListedFebruary 17th, 2017
  • Days on Market280
  • ZoningBR
  • HOA Fees0.00

Community Information

  • Address404 Sw 140 Terrace
  • CityNewberry
  • CountyAlachua
  • StateFL
  • Zip Code32669

Listing Details

  • Listing OfficeColdwell Banker M.m. Parrish Realtors

©2015 Gainesville Multiple Listing, Inc. All rights reserved. The information being provided by the Gainesville Multiple Listing, Inc. is exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

Please provide a valid email address.