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    City Commerce Dr Lk Lake City, FL 32055

    For Sale
    $2,000,000

    Prime location, high visibility, development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 4-acre commercial land parcel presents a remarkable investment opportunity in the thriving Lake City, Florida market. Boasting prime frontage on NW Commerce Drive, this property enjoys unparalleled visibility and accessibility. Its strategic location directly across from Lake City Medical Center and adjacent to La Quinta Inn & Suites ensures high traffic volume and strong potential for a variety of commercial ventures. Further enhancing its desirability, the property is situated across the street from a newly constructed Marriott Townplace Suites and is conveniently located just north of the US-90/I-75 interchange, providing easy access to major transportation routes. The property's versatility is further amplified by its divisibility; it can be purchased as two 2-acre parcels, each priced at $1,250,000. This flexibility caters to a wider range of buyers and development plans. With its exceptional location, high visibility, and potential for subdivision, this property represents a rare opportunity to acquire a significant commercial asset in a rapidly growing area of Columbia County, Florida. The zip code is 32055. The property is located at NW Commerce Drive, Lake City, FL.

    Property Features for City Commerce Dr Lk

    General Information

    Property type
    Land
    Lot Size
    174,240 SF

    HighLights

    • $2,000,000 asking price for 4 acres of commercial land.
    • Located in Lake City, Florida, on NW Commerce Drive.
    • Frontage on Commerce Drive, across from Lake City Medical Center and adjacent to La Quinta Inn.
    • Across the street from a new Marriott Townplace Suites under construction, near the US‑90/I‑75 interchange.
    • Divisible into two 2‑acre parcels, each priced at $1,250,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lake City
    County
    Columbia
    State
    Florida
    Longitude
    -82.605118
    Latitude
    30.2730727

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    FAQs

    What type of property is this?
    Land - Prime location, high visibility, development potential.
    Where is this land located?
    The property is located at City Commerce Dr Lk Lake City, FL.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: $2,000,000 asking price for 4 acres of commercial land.; Located in Lake City, Florida, on NW Commerce Drive.; Frontage on Commerce Drive, across from Lake City Medical Center and adjacent to La Quinta Inn.
    (386) 397-3002
    Request Owner's contact information
    City Commerce Dr Lk Lake City, FL 32055
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    Lake City, FL 32055
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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
    City Commerce Dr Lk Lake City, FL 32055
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