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404 SW 140 Terrace, Newberry, FL 32669

$3,900,000
Commercial Property MLS# 402315 ID: 43540010
$3,900,000 Get Rates

Other Style, Office Bldg - Newberry, FL
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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Location Information near 404 SW 140 Terrace
Offered by The Beery Rainsberger Group at Coldwell Banker M.M. Parrish Realtors

Would you like more information regarding this property?
Please call (352) 335-4999.

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Property Features for 404 SW 140 Terrace
Status
Market Status
Available
Last Updated
September 23, 2017
Description
Property Type
Commercial Property
Sq. Feet
50,555

Listing Features

  • Property Type: Commercial; Office Bldg

Data Provided by Coldwell Banker

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More information about this $3,900,000 Commercial Property at 404 SW 140 Terrace

This $3,900,000 Commercial Property at 404 SW 140 Terrace in Newberry, FL is presented by The Beery Rainsberger Group. This $3,900,000 Commercial Property, located in the 32669 zip code, has the following property features: Property Type. This 404 SW 140 Terrace Commercial Property, located in Alachua County , is listed under MLS listing number 402315 and has a listing price of $3,900,000. You can find more NEWBERRY homes for sale here.