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    Sr-247/Real Ter 1 Lake City, FL 32025

    For Sale
    $350,000

    Prime commercial land, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1.7-acre commercial land parcel is strategically located in Lake City, Florida, at the intersection of SR-247 and Real Terrace. The property is zoned CI, offering a wide range of development possibilities. This particular listing encompasses 1.68 acres, with 0.71 acres usable. While this is Lot #1 of four available parcels, this listing focuses solely on this specific 1.68-acre lot. The asking price for this corner lot is $350,000. The other available parcels range in size from 0.95 acres to 2.14 acres, with varying usable acreage and individual pricing. Lots #2, #3, and #7 front Real Terrace, offering excellent visibility and accessibility. Detailed information on the other parcels is available upon request. This property presents a unique opportunity for investors and developers seeking a prime location in a growing area of Lake City. The property's location provides easy access to major roadways and local amenities, making it an attractive investment for a variety of commercial ventures. The CI zoning allows for a diverse range of commercial uses, ensuring flexibility for future development plans. Don't miss this chance to acquire a highly desirable commercial property in a thriving Florida market. The zip code is 32025.

    Property Features for 0 Sr-247/Real Ter 1

    General Information

    Property type
    Land
    Lot Size
    74,052 SF

    HighLights

    • $350,000 asking price for 1.7 acres of commercial land.
    • Located in Lake City, FL, zip code 32025.
    • CI zoning.
    • Property consists of four parcels; Lot #1 (1.68 acres, 0.71 acres usable) is priced at $150,000 and sits on the corner of SR‑247 and Real Terrace; Lots #2, #3, and #7 (1.86, 2.14, and 0.95 acres respectively) are priced at $99,500 each and front Real Terrace.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lake City
    County
    Lake City
    State
    Florida
    Longitude
    -82.67746
    Latitude
    30.1682763

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    FAQs

    What type of property is this?
    Land - Prime commercial land, ideal for development.
    Where is this land located?
    The property is located at Sr-247/Real Ter 1 Lake City, FL.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: $350,000 asking price for 1.7 acres of commercial land.; Located in Lake City, FL, zip code 32025.; CI zoning.
    (386) 397-3002
    Request Owner's contact information
    Sr-247/Real Ter 1 Lake City, FL 32025
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    Lake City, FL 32025
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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
    Sr-247/Real Ter 1 Lake City, FL 32025
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