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

743 N MARION, Lake City, FL 32055

Mixed-use complex combines flexible warehouse space, residential accommodations, and separately leasable areas.

Property Size5,406 SF
Price / SF$39.24
Days on Market7

Property Features for 743 N MARION

General Information

Standard status Active
Size 5,406 SF
Property subtype Commercial

Site & Location

Fenced Yard Yes
Outdoor Storage Yes

Units

Unit Mix 1 x 3BR/2BA
Multifamily Units 4

Additional Details

Warehouse Space 12,249 SF

Taxes and HOA fees

Annual Taxes $7,161

Amenities

balcony
laundry room

Building Details

Building Size 5,406 SF
Year Built 1964
Buildings 3
Units 7
Construction concrete
Listing Agency: CHARNELLE WHITTEMORE REALTY INC.
Listed By: Steven Milligan
Source: Elliman
Added: Sep 12 Changed: Sep 16 Last Checked: Sep 18 at 10:06AM

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 CHARNELLE WHITTEMORE REALTY INC.

Investment Insights

Based on property information with market context.

This mixed-use complex in Lake City includes more than 19,000 square feet under roof across a warehouse and two concrete residential buildings. The 12,249-square-foot warehouse is arranged as three large bays, with two currently occupied by tenants and each capable of separate leasing. Building 2 contains 2,452 square feet with three bedrooms, two bathrooms, a kitchen, laundry room, and living area. The three-story Building 3 provides 5,051 square feet across three independent living spaces, each with bedrooms, bathrooms, a kitchen, and living areas; the upper floor includes a balcony.

A new roof was installed on the warehouse in 2024. The residential buildings have three new HVAC systems, and both received roof coatings in 2023. The sale also includes an adjoining approximately 80-by-50-foot parcel with commercial security fencing and a private entrance. Partial residential zoning supports on-site living, and the property is located three blocks north of Lake City's Historic District at 743 N Marion.

Key Highlights

  • More than 19,000 square feet under roof across the complex
  • 12,249‑square‑foot warehouse configured into three large bays
  • Two warehouse bays currently have tenants; bays can be leased independently

Property Analytics

Current Use

Manufacturing properties

Suggested Use

Top Pick Plumbing Service Building Supply Auto Repair Shop Furniture & Home Goods Kitchen & Bath Showroom

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

1
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

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
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Mixed-use complex combines flexible warehouse space, residential accommodations, and separately leasable areas.
Where is this mixed-use property located?
The property is located at 743 N MARION 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 square feet under roof across the complex; 12,249‑square‑foot warehouse configured into three large bays; Two warehouse bays currently have tenants; bays can be leased independently
More about this property
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