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    3575 Us-441 Lake City, FL 32025

    Sponsored
    For Sale
    $725,000

    Seven-acre commercial property with multiple income streams

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional seven-acre commercial property, located at 3575 US-441 in Lake City, Florida (zip code 32025), presents a unique investment opportunity. The property boasts a prime location with frontage on Highway 441 South and is zoned commercial general. The land is wooded and includes several existing buildings, some currently generating rental income. Building 1 features six studio apartments, while Building 2 offers three one-bedroom or larger studio apartments. A duplex (Building 3) presents potential for renovation and added value. Additionally, a currently rented mobile home and a billboard/leased signage contribute to the property's diverse income streams. All units utilize well and septic systems. Recent improvements include new roofs on Buildings 1 and 2, a repaved parking lot, rehabilitation of nine units, and fresh exterior paint. The substantial lot size offers significant expansion potential. Future development possibilities include adding more buildings, converting the property into a mobile home/RV park, creating RV/boat storage, or developing a commercial shopping center. The property is being sold "As Is." This is a rare opportunity to acquire a multi-faceted income-producing property with considerable upside potential in a desirable Florida location.

    Property Features for 3575 Us-441

    General Information

    Property type
    Multifamily properties

    HighLights

    • $725,000 asking price for this multifamily investment opportunity.
    • Seven‑acre commercial lot with Highway 441 frontage in Lake City, FL.
    • Nine existing rental units (six studios, three one‑bedroom or larger studios, and one duplex). Also includes a rented mobile home and billboard.
    • Recent improvements include new roofs on two buildings, repaved parking lot, nine unit renovations, and exterior painting.
    • Property sold As‑Is; potential for expansion or redevelopment into mobile home park, RV storage, or commercial center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Law Firm Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake City
    County
    Columbia
    State
    Florida
    Longitude
    -82.6347334
    Latitude
    30.1416974

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    FAQs

    What type of property is this?
    Multifamily property - Seven-acre commercial property with multiple income streams
    Where is this multifamily property located?
    The property is located at 3575 Us-441 Lake City, FL.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: $725,000 asking price for this multifamily investment opportunity.; Seven-acre commercial lot with Highway 441 frontage in Lake City, FL.; Nine existing rental units (six studios, three one-bedroom or larger studios, and one duplex). Also includes a rented mobile home and billboard.
    Request Owner's contact information
    3575 Us-441 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
    3575 Us-441 Lake City, FL 32025
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