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    Executive Dr Lake City, FL 32024

    Sponsored
    For Sale
    $675,000

    4.5 Acres, Prime Commercial Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 4.5-acre commercial land parcel presents a unique investment opportunity in Lake City, Florida. Located in a rapidly developing area, this vacant lot boasts a prime location on SW Executive Dr, offering easy access to US-90 and Brown Road via a traffic-controlled intersection. The property is part of a new commercial subdivision, already home to several medical facilities, ensuring a thriving and established neighborhood. The lot features an irregular shape and is zoned CHI, falling within a Flood Zone X designation. Existing infrastructure includes curbs, gutters, and drainage systems, along with paved, government-maintained roads. Public water and sewer services are readily available nearby, complemented by existing electricity and telephone access. The property is suitable for commercial or professional use, with deed restrictions in place. The asking price is $675,000, translating to $150,000 per acre. The sale is cash only, with possession granted at closing. The Tax ID is 33-3S-16-02433-001, and there is no agricultural exemption. This property offers significant potential for development in a high-growth area, making it an attractive investment for discerning buyers. Directions: From US-90/I-75, go west on US-9, left on Sweetbreeze, right on Executive Glen; the property is at the corner of Sweetbreeze/Executive Glen.

    Property Features for 0 Executive Dr

    General Information

    Property type
    Land
    Lot Size
    196,020 SF

    HighLights

    • Irregularly shaped 4.5‑acre lot priced at $150,000 per acre.
    • Deed restrictions; Tax ID 33‑3S‑16‑02433‑001; No agricultural exemption.
    • CHI zoning; Flood zone X.
    • Vacant commercial/professional subdivision lot in a rapidly developing area.
    • Curbs, gutters, drainage; paved, government‑maintained roads; south‑facing lot.
    • County location; public water and sewer nearby; electricity and telephone available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lake City
    County
    Columbia
    State
    Florida
    Longitude
    -82.716835138884
    Latitude
    30.185180911981

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    FAQs

    What type of property is this?
    Land - 4.5 Acres, Prime Commercial Location
    Where is this land located?
    The property is located at Executive Dr Lake City, FL.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: Irregularly shaped 4.5-acre lot priced at $150,000 per acre.; Deed restrictions; Tax ID 33-3S-16-02433-001; No agricultural exemption.; CHI zoning; Flood zone X.
    (386) 397-3002
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    Executive Dr Lake City, FL 32024
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Executive Dr Lake City, FL 32024
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