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Open-Plan Mixed-Use Building
For Sale
$249,000

508 N Marion Ave, Lake City, FL 32055

Commercial Sale, Lake City, FL

Property SizeContact for details
Days on Market345

Property Features for 508 N Marion Ave

General Information

Property type Commercial Sale
Property subtype Other
Bathrooms 1
Full bathrooms 1
Rooms Bathroom 1
Standard status Active

Building Details

Year built 1930
Floors in Building 1
Flooring type Carpet
Roof type Metal
Listing Agency: Empire Realty of North Florida, Inc.
Listed By: Matthew Rende · License #3315107
Added: Oct 2, 2025 Changed: Sep 4 Last Checked: Sep 11 at 11:06PM
MLS# 11578164

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This mixed-use commercial building in downtown Lake City was constructed in 1930 and features an open interior plan, carpeted flooring, a metal roof, and one bathroom. Road frontage adds direct street presence, while shared parking is located behind the building. The property is situated on N Marion Ave in Lake City, Florida.

Key Highlights

  • Mixed‑use commercial building constructed in 1930
  • Open interior floor plan
  • Road frontage on N Marion Ave

Property Analytics

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Current Use

Carrie's Closet Clothing & Fashion Store Bounce Tyme Party Supply Store The Beehive Studios Recording Studio

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Kitchen & Bath Showroom Gym & Fitness Center Dental Office Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

804
Businesses Nearby
63k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 76% Shops & Services 21% Home Improvements & Furnishings 3%
Burger King Dining
14,829 visits/mo 0.4 miles
Wendy's Dining
13,935 visits/mo 0.5 miles
Hardee's Dining
12,193 visits/mo 0.4 miles
Popeyes Louisiana Kitchen Dining
6,854 visits/mo 0.4 miles
TD Bank Shops & Services
4,192 visits/mo 0.4 miles

Demographics for 32055, FL

16,624
Population
7,498
Households
2.2
Avg Household Size
42
Median Age
18%
College-Educated
84%
High-School Grad
184.4 sq mi
ZIP Area
90
Density / Sq Mi
$57,328
Median Household Income
$30,840
Median Earnings
$873
Median Rent
$161,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercial building with road frontage, shared rear parking, and an open interior layout.
Where is this mixed-use property located?
The property is located at 508 N Marion Ave Lake City, FL.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Mixed‑use commercial building constructed in 1930; Open interior floor plan; Road frontage on N Marion Ave
More about this property
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