1116 Business Point Dr Lake City, FL 32025
- Land
- 20.28 lot acres
Current Use by Public Records
- Land
Property Details for 1116 Business Point Dr
- Lot size
- 20.28 lot acres
- Property type
- Land
Description
This exceptional 20.28-acre commercial land parcel in Lake City, Florida, presents a remarkable investment opportunity. Located at 1116 SW Business Point Dr, this property boasts over 1500 feet of frontage on I-75 and Business Point Drive, providing unparalleled visibility and accessibility. The land is cleared and ready for immediate development, featuring city utilities already in place. Currently zoned ILW/CI, the property is ideally suited for a wide range of uses, including multifamily dwellings, shopping plazas, grocery stores, and industrial warehousing complexes. Its strategic location offers quick access to SR47 via Business Point Drive, further enhancing its appeal. The property is high and dry, ensuring a stable foundation for any construction project. Subdivision and ground lease options are available. The asking price is $3,500,000, translating to $172,583.80 per acre. Financing options include cash, conventional, and private financing. Possession is granted at closing. The APN is 13-4S-16-02950-040. This prime location in a fast-growing, urban area offers significant potential for substantial returns. Don't miss this chance to acquire a highly desirable commercial property with endless possibilities.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lake City
- County
- Columbia
- State
- Florida
- Longitude
- -82.6654
- Latitude
- 30.1397
