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    Prosperity Pl Lake City, FL 32024

    Sponsored
    For Sale
    $895,000

    Prime Commercial Land, Lake City, FL

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2.11-acre commercial land parcel presents a remarkable investment opportunity in Lake City, Florida. Situated in a thriving new commercial subdivision, this property boasts a highly desirable location at the corner of US-90 and Executive Drive, offering excellent visibility and accessibility. The site benefits from a convenient red-light entrance into the park, ensuring high traffic flow and exposure for any commercial development. This strategically positioned lot is part of a development that already includes the newly constructed Orthopaedic Institute facility, indicating a strong commitment to growth and development in the area. All lots within the subdivision are equipped with city water and sewer infrastructure, simplifying the development process and reducing upfront costs. A master retention system is already in place, further streamlining the construction process. The property's design allows for up to 70% impervious area, providing flexibility for a variety of commercial building plans. This prime location, coupled with the existing infrastructure and the presence of established businesses, makes this a truly exceptional opportunity for investors seeking a high-return commercial development project in a rapidly growing area of Lake City. The asking price is $895,000. The property is located at SW Prosperity Pl, Lake City, FL 32024, in Columbia County.

    Property Features for 0 Prosperity Pl

    General Information

    Property type
    Land
    Lot Size
    91,912 SF

    HighLights

    • 2.11‑acre commercial lot in Lake City, FL, priced at $895,000.
    • High‑visibility corner lot at US‑90 and Executive Drive in a thriving new commercial subdivision.
    • Convenient red‑light entrance ensures high traffic flow.
    • Located near a newly constructed Orthopaedic Institute, indicating strong area growth.
    • City water and sewer, plus a master retention system, are already in place.
    • Allows up to 70% impervious area for flexible development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lake City
    County
    Columbia
    State
    Florida
    Longitude
    -82.7159862
    Latitude
    30.1859982

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, Lake City, FL
    Where is this land located?
    The property is located at Prosperity Pl Lake City, FL.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: 2.11-acre commercial lot in Lake City, FL, priced at $895,000.; High-visibility corner lot at US-90 and Executive Drive in a thriving new commercial subdivision.; Convenient red-light entrance ensures high traffic flow.
    (386) 397-3002
    Request Owner's contact information
    Prosperity Pl 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
    Prosperity Pl Lake City, FL 32024
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