4000 W Newberry Rd - Storefront Retail/Office FOR SALE


Gainesville, FL 32607- West Gainesville
$699,000 USD
352-871-5865
4000 W Newberry Rd, Gainesville, FL for Sale
$699,000 USD
Storefront Retail/Office - FOR SALE
1/35
null | 7.42% Cap Rate

4000 W Newberry Rd
Gainesville, FL 32607
West Gainesville


HIGHLIGHTS

  • Fully leased 5,520 SF retail strip on W Newberry Road with stable cash flow and major value-add upside.
  • Weighted average in-place rent of just $14.12/SF offers a substantial mark-to-market opportunity compared to nearby retail centers.
  • Prime 0.45-acre parcel with desirable MU-1 zoning allowing flexible future use, repositioning, or redevelopment.
  • Direct access and strong frontage on one of Gainesville’s highest-traffic retail corridors.
  • Located just 2 miles from the University of Florida and minutes from major anchors including The Oaks Mall and Butler Plaza.
  • Surrounded by dense residential rooftops, medical hubs, and top national retailers driving consistent year-round demand.

OVERVIEW

FOR SALE — 5,520 SF VALUE-ADD RETAIL STRIP 4000 Newberry Road | Gainesville, FL 32607 Cash-Flowing • 5 Tenants • MU-1 Zoning • High-Traffic Retail Corridor An exceptional value-add retail opportunity located directly on West Newberry Road—one of Gainesville’s most established and highest-traffic commercial corridors. This 5,520 SF, 5-tenant retail strip sits on 0.46 acres with desirable MU-1 zoning, offering strong current income and significant upside through lease-up and rental rate increases. Property Highlights Building Size: 5,520 SF (five established tenants) Parcel Size: 0.46 acres Zoning: MU-1 (Mixed-Use) — highly flexible for retail, office, service, and redevelopment potential Current Performance: Fully leased (100% Occupancy) / cash-flowing Weighted Average In-Place Rent: $14.12/SF, well below market Value-Add Upside: Substantial mark-to-market rent opportunity, as many nearby retail plazas trade significantly higher in rent Access: Direct full-access drive onto W Newberry Rd Visibility: Strong frontage and signage along one of Gainesville’s busiest commuter and retail arteries Location & Market Drivers Strategically positioned on W Newberry Rd, the property benefits from exceptional traffic counts (over 31,000 AADT), dense surrounding residential neighborhoods, and proximity to major anchors. 2.0 miles (5 minutes) to the University of Florida, providing demand from students, faculty, medical staff, and a massive daytime population Minutes from The Oaks Mall, UF Health, North Florida Regional Hospital, Simed Health, and the Butler Plaza/Butler Town Center super-regional retail district Surrounded by national and regional tenants including multiple grocery, goods & services, and QSR operators Area Demographics (10-Min Trade Area Snapshot) Population: over 100,000 daytime population Significantly bolstered by UF, UF Health/Shands, VA Medical Center, HCA Medical and major nearby retail employment clusters Median Household Income: ~$50K, with higher household incomes in the surrounding suburban neighborhoods west of I-75 Stable year-round demand supported by education, healthcare, government, and a broad service-sector economy Investment Summary The property offers investors a unique combination of stable current cash flow with substantial rent growth potential. With in-place rents averaging just $14.12/SF, the strip’s income is materially below the prevailing market for comparable neighborhood retail centers in the Newberry Rd corridor - creating a clear path to NOI growth through re-tenanting, renewals, and façade/parking enhancements. Desirable MU-1 zoning and a high-visibility 0.45-acre parcel further position this asset as both a strong near-term income play and a long-term redevelopment or repositioning candidate. Contact Teresa Callen at 352-871-5865 or Caleb Noble at 352-213-1995 for more details.

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$127 USD /SF

CAP RATE

7.42%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

MU1

APN/PARCEL ID

06503-011-006

ASK ABOUT THIS PROPERTY

Teresa CallenPortal RealtyMore Info
352-871-5865

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Teresa CallenPortal RealtyMore Info
352-871-5865

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.