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    Lake City, FL 32055

    For Sale
    $2,200,000

    High-Visibility Corner Lot, Vacant, 5.91 Acres

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 5.91-acre commercial property, located on W US-90 in Lake City, Florida (zip code 32055), presents a fantastic investment opportunity. Currently vacant, this retail space is zoned CHI, allowing for a wide variety of commercial uses. The property boasts an enviable location at a corner lot with a traffic light at the intersection of US-90 and Lake City Avenue, ensuring high visibility and significant traffic exposure. With over 361 feet of frontage on US-90 and over 688 feet of frontage on Lake City Avenue, this site offers unparalleled potential for businesses seeking maximum brand visibility. City utilities are readily available, simplifying the development process. The asking price is $2,200,000. The property's size and prime location make it an ideal site for a variety of commercial ventures, promising strong returns on investment. This is a rare opportunity to acquire a substantial, high-traffic commercial property in a growing Florida market. The property's square footage is currently unlisted. Serious inquiries are encouraged.

    Property Features for 0

    General Information

    Property type
    Retail properties
    Lot Size
    257,440 SF

    HighLights

    • 5.91‑acre commercial lot in Lake City, FL (32055), priced at $2,200,000.
    • Zoned CHI, allowing diverse commercial uses.
    • High‑visibility corner lot at US‑90 and Lake City Avenue with traffic signal.
    • Extensive frontage: over 361 feet on US‑90 and over 688 feet on Lake City Avenue.
    • City utilities available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lake City
    County
    Columbia
    State
    Florida
    Longitude
    -82.6183411
    Latitude
    30.1893411

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    FAQs

    What type of property is this?
    Retail property - High-Visibility Corner Lot, Vacant, 5.91 Acres
    Where is this retail property located?
    The property is located at Lake City, FL.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: 5.91-acre commercial lot in Lake City, FL (32055), priced at $2,200,000.; Zoned CHI, allowing diverse commercial uses.; High-visibility corner lot at US-90 and Lake City Avenue with traffic signal.
    (386) 397-3002
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    Lake City, FL 32055
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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
    Lake City, FL 32055
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