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    MB1 Prosperity Pl Lake City, FL 32024

    Sponsored
    For Sale
    $950,000

    1.25 Acres, Prime US-90 Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 1.25-acre commercial land parcel presents a unique investment opportunity in Lake City, Florida. Strategically located on US-90 at Brown Road, this property benefits from a readily accessible red-light entrance into the park, ensuring high visibility and convenient access for businesses and customers. The site is part of one of Lake City's newest commercial subdivisions and is adjacent to the recently constructed Orthopaedic Institute facility, providing a strong anchor tenant and contributing to the area's growing medical and commercial presence. All lots within the subdivision are equipped with city water and sewer infrastructure, simplifying development and reducing upfront costs. A master retention system is already in place, streamlining the permitting process. The property's design allows for up to 70% impervious area, offering flexibility in development plans. The asking price for this prime commercial land is $950,000. This property is situated in Columbia County, Florida, with the address listed as SW PROSPERITY PLACE MB1, Lake City, FL 32024. Its prime location and existing infrastructure make it an ideal site for a variety of commercial ventures. The property's proximity to the Orthopaedic Institute further enhances its appeal, offering potential for synergistic development opportunities. This is a rare chance to acquire a well-positioned commercial lot in a thriving area of Lake City.

    Property Features for MB1 Prosperity Pl

    General Information

    Property type
    Land
    Lot Size
    54,450 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lake City
    County
    Columbia
    State
    Florida
    Longitude
    -82.7159862
    Latitude
    30.1859982

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    FAQs

    What type of property is this?
    Land - 1.25 Acres, Prime US-90 Location
    Where is this land located?
    The property is located at MB1 Prosperity Pl Lake City, FL.
    What is the asking price?
    The asking price for this property is $950,000.
    (386) 397-3002
    Request Owner's contact information
    MB1 Prosperity Pl 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.

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    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
    MB1 Prosperity Pl Lake City, FL 32024
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