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    Lake City Ave Lake City, FL 32024

    For Sale
    $3,000,000

    Prime Retail Land, Vacant, $3M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 40-acre parcel presents a unique investment opportunity in Lake City, Florida. Located on Lake City Ave, this property boasts a prime location within city limits, offering significant potential for various retail developments. Currently vacant, the land is zoned RSFMH-2, although its land use is designated as commercial. The asking price of $3,000,000 reflects the substantial value of the land itself. Previously utilized as an RV campground, any existing amenities are sold "as is." The expansive lot size provides ample space for a large-scale retail project, taking advantage of its high visibility and convenient access from CR-252B. Prospective buyers should conduct their own due diligence regarding potential development plans and feasibility studies. This is a blank canvas for a visionary developer seeking to capitalize on the growing commercial landscape of Lake City. The property's location in Columbia County, Florida, and its zip code of 32024, further enhance its appeal. The coordinates are 30.1791121 latitude and -82.7011731 longitude. This is a rare opportunity to acquire a significant tract of land in a desirable location with high commercial potential.

    Property Features for 0 Lake City Ave

    General Information

    Property type
    Retail properties
    Lot Size
    1,742,400 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lake City
    County
    Columbia
    State
    Florida
    Longitude
    -82.7011731
    Latitude
    30.1791121

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Land, Vacant, $3M
    Where is this retail property located?
    The property is located at Lake City Ave Lake City, FL.
    What is the asking price?
    The asking price for this property is $3,000,000.
    (386) 397-3002
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    Lake City Ave 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
    Lake City Ave Lake City, FL 32024
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