0 Michigan St Lake City, FL 32025
This exceptional 4-acre commercial land parcel presents a remarkable investment opportunity in the thriving Lake City, Florida market. Ideally situated between US Highway 41 and Florida State Road 47, this property boasts unparalleled accessibility and high visibility. Its central location offers convenient access to a wide range of businesses and amenities, making it an attractive site for various commercial ventures. The land is designated as a middle lot, providing ample space for development and strategic positioning within the local commercial landscape. The property's proximity to Meridian Healthcare further enhances its appeal, offering potential synergies and a strong foundation for future growth. With its strategic location and substantial acreage, this parcel represents a rare chance to acquire a prime piece of commercial real estate in a rapidly developing area. The asking price is $398,000. The property is located at SW Michigan St, Lake City, FL 32025, in Columbia County. Detailed site surveys and zoning information are readily available upon request. This is a truly exceptional opportunity for investors seeking a high-potential commercial land investment in a desirable Florida location. Don't miss out on this chance to secure a piece of Lake City's burgeoning commercial sector.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.