Property profile

0 Lake City Ave Lake City, FL 32024

OFF-MARKET
Land
110.46 ac lot
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Property summary

AI-generated overview

This exceptional 110.46-acre commercial land parcel presents a unique investment opportunity in Lake City, Florida. Strategically located within city limits, this property boasts approximately 886 feet of frontage on CR-245 (Price Creek Road), offering significant visibility and accessibility. Additional frontage exists along CR-245A on the western boundary, providing further development potential. The property is currently zoned RR, but per an agreement with the City of Lake City, it can be rezoned for industrial use, opening up a wide range of development possibilities. This expansive tract offers significant flexibility for various commercial ventures, from warehousing and distribution to light industrial uses. Its prime location and zoning flexibility make it an ideal site for businesses seeking a strategic presence in a growing Florida market. The address is Lake City Ave, Lake City, FL 32024, within Columbia County. The asking price for this substantial land holding is $2,761,500. This represents a compelling opportunity to acquire a large, well-situated commercial parcel with significant upside potential. The latitude and longitude coordinates are 30.1791121, -82.7011731 respectively.

Property profile

Verified
Property type Land
Lot 110.46 ac (4,811,638 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Lake City Ave Lake City, FL 32024
Lake City metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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