Gainesville Retail for Sale - West Gainesville
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.
