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    3 Real Ter Lake City, FL 32025

    For Sale
    $99,500

    2.14 Acres, Prime Commercial Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 2.14-acre commercial land parcel presents a significant investment opportunity in Lake City, Florida. Located on Real Terrace, this property is ideally situated for various commercial ventures. The parcel is zoned CI, offering flexibility for a range of development possibilities. With a total acreage of 2.14 acres, a usable portion of 0.85 acres is available for immediate development. The property's strategic location provides excellent visibility and accessibility, making it an attractive option for businesses seeking a high-traffic area. This lot is part of a larger development with several other parcels available for purchase, offering potential for expansion or synergy with related businesses. The address is Real Terrace (3), Lake City, FL 32025. This is Lot #3, and the asking price is $99,500. The property's location offers convenient access to SR-247, ensuring high visibility and easy access for customers and employees. This is a rare opportunity to acquire a well-positioned commercial lot in a growing area. Serious inquiries are encouraged.

    Property Features for 3 Real Ter

    General Information

    Property type
    Land
    Lot Size
    93,218 SF

    HighLights

    • $99,500 asking price.
    • 2.14‑acre commercial land parcel.
    • CI zoning.
    • Located in Lake City, FL, 32025, on Real Terrace.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    City
    Lake City
    County
    Lake City
    State
    Florida

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    FAQs

    What type of property is this?
    Land - 2.14 Acres, Prime Commercial Location
    Where is this land located?
    The property is located at 3 Real Ter Lake City, FL.
    What is the asking price?
    The asking price for this property is $99,500.
    What are key features of this property?
    This property features: $99,500 asking price.; 2.14-acre commercial land parcel.; CI zoning.
    (386) 397-3002
    Request Owner's contact information
    3 Real Ter 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.

    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
    3 Real Ter Lake City, FL 32025
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