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Historic Mixed-Use Property

398 S MARION Avenue, Lake City, FL 32025

For Sale
$349,000

Commercial Sale, LAKE CITY, FL

Property Size2,559 SF
Lot Size0.32 Acres
Price / SF$136.38
Days on Market99

Property Features for 398 S MARION Avenue

General Information

Property type Commercial Sale
Property subtype Other
Subdivision ASHURST SUB
Directions From Baya Drive, head north on Marion Street. Home is second on the left past SW Camp Street.
Standard status Active
APN 00-00-00-13827-000
Size 2,559 SF
Lot size 0.32 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description S DIV LOTS 9, 10, 17, 18 & LOTS 11 & 16 EX 16 FT OFF S SIDE BLOCK 1 ASHURST S/D. 792-2431-2434, 994-2295, DC 1381-469, DC 1422-119,
Tax Annual Amount 2400
Legal Description S DIV LOTS 9, 10, 17, 18 & LOTS 11 & 16 EX 16 FT OFF S SIDE BLOCK 1 ASHURST S/D. 792-2431-2434, 994-2295, DC 1381-469, DC 1422-119,

Utilities

Cooling system Wall/Window Unit(s), Window Unit(s)

Amenities

covered front porch

Building Details

Year built 1926
Floors in Building 2
Building materials Frame, Wood Siding
Roof type Metal
Buildings 2
Listing Agency: BOSSHARDT REALTY SERVICES LLC
Listed By: Kristine Wendig · License FL #3364613
Added: Aug 6 Changed: Nov 10 Last Checked: Nov 12 at 3:06AM
MLS# GC542575

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

Rey
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Investment Insights

Based on property information with market context.

Built in 1926, this mixed-use property includes a two-story main building with approximately 2,079 heated square feet, hardwood flooring, ceilings exceeding 9 feet, and preserved architectural features. A covered front porch adds exterior character, while updated electrical, plumbing, insulation, and a 2020 roof contribute to the building’s improvements. The property uses frame construction with wood siding and has wall/window and window unit cooling.

A separate carriage house provides 2-car parking and includes a 1-bedroom, 1-bath apartment on the upper level. The 0.32-acre property contains 2,559 square feet overall and is designated Commercial General. Positioned near the center of Lake City, it offers access to businesses, restaurants, shopping, and government offices. Professional offices, boutique business space, Airbnb, bed and breakfast, and other commercial uses are identified as possibilities subject to applicable approvals and licensing.

Key Highlights

  • 1926 construction with preserved architectural details and hardwood floors
  • Approximately 2,079 heated SF in the two‑story main building
  • Separate carriage house with 2‑car parking

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

Office Units

Suggested Use

Top Pick Parking Lot & Garage Kitchen & Bath Showroom Bakery Furniture & Home Goods (Bike/Boat/Book/etc) Store Catering Service

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

Location Intelligence

Trade Area within ½ mile

1,090
Businesses Nearby

Demographics for 32025, FL

21,886
Population
9,162
Households
2.4
Avg Household Size
41
Median Age
16%
College-Educated
86%
High-School Grad
104.6 sq mi
ZIP Area
209
Density / Sq Mi
$47,074
Median Household Income
$37,493
Median Earnings
$943
Median Rent
$184,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-story commercial property with a separate carriage house, apartment, covered porch, and updated building systems.
Where is this mixed-use property located?
The property is located at 398 S MARION Avenue Lake City, FL.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 1926 construction with preserved architectural details and hardwood floors; Approximately 2,079 heated SF in the two‑story main building; Separate carriage house with 2‑car parking
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