IPA: /ˈnɪəbaɪ/
KK: /ˈnɪrˌbaɪ/
Located a short distance away from something; close to it.
There is a grocery store nearby where we can buy some snacks.
In close proximity or a short distance from a particular place.
There is a grocery store nearby where we can buy some snacks.
Nearby → It is formed from "near" (from Old English "neah", meaning close or near) and "by" (from Old English "bi", meaning near or beside). The word "nearby" means situated close to or beside something.
Think of being 'close' ('near') and 'beside' ('by') — that's what nearby means.