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Mixed-Use Complex with Warehouse Bays
For Sale
$775,000

743 N Marion Avenue, Lake City, FL 32055

Three concrete buildings combine flexible industrial space with multiple residential living areas and onsite storage potential.

Property Size19,752 SF
Price / SF$39.24
Days on Market21

Property Features for 743 N Marion Avenue

General Information

Standard status Active
Size 19,752 SF
Property subtype Commercial

Site & Location

Fenced Yard Yes
Outdoor Storage Yes

Additional Details

Warehouse Space 12,249 SF
Multifamily Units 4

Building Details

Year Built 1964
Buildings 3
Construction concrete
Listing Agency: CW REALTY,INC. - KEYSTONE HEIGHTS
Listed By: Steven Milligan
Source: Realtygroupfl
Added: Sep 1 Changed: Sep 20 Last Checked: Sep 20 at 9:23AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CW REALTY,INC. - KEYSTONE HEIGHTS

Investment Insights

Based on property information with market context.

This mixed-use complex includes more than 19,000 square feet under roof across three concrete buildings. The former concrete factory contains 12,249 square feet configured as three large bays, with two currently occupied and each capable of separate leasing. The additional buildings provide residential components: one offers 2,452 square feet with three bedrooms, two bathrooms, a kitchen, laundry room, and living area, while the three-story, 5,051-square-foot structure contains three separate living spaces with individual kitchens, bedrooms, bathrooms, and living areas. The top floor has been updated and includes a balcony overlooking the property.

Recent improvements include a new roof on the warehouse in 2024, three new HVAC systems serving the residential buildings, and a 2023 roof coating on both residential structures. The sale also includes an adjoining approximately 80' x 50' parcel with commercial security fencing and a private entrance. Partial residential zoning supports onsite owner or manager occupancy. The property is located three blocks north of the Historic District.

Key Highlights

  • More than 19,000 sqft under roof across three concrete buildings
  • 12,249 sqft warehouse configured as three separate bays
  • Building 2 contains 2,452 sqft with 3 bedrooms and 2 bathrooms

Property Analytics

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Current Use

BPMC Charitable Organization

Suggested Use

Top Pick Parking Lot & Garage Locksmith (Bike/Boat/Book/etc) Store Catering Service Bakery 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

4
Residential units
Yes
Fenced yard

Location Intelligence

Trade Area within ½ mile

320
Businesses Nearby

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
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Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Three concrete buildings combine flexible industrial space with multiple residential living areas and onsite storage potential.
Where is this mixed-use property located?
The property is located at 743 N Marion Avenue Lake City, FL.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: More than 19,000 sqft under roof across three concrete buildings; 12,249 sqft warehouse configured as three separate bays; Building 2 contains 2,452 sqft with 3 bedrooms and 2 bathrooms
More about this property
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