0 Sr-247/Real Ter 1, Lake City, FL 32025
This exceptional 1.7-acre commercial land parcel is strategically located in Lake City, Florida, at the intersection of SR-247 and Real Terrace. The property is zoned CI, offering a wide range of development possibilities. This particular listing encompasses 1.68 acres, with 0.71 acres usable. While this is Lot #1 of four available parcels, this listing focuses solely on this specific 1.68-acre lot. The asking price for this corner lot is $350,000. The other available parcels range in size from 0.95 acres to 2.14 acres, with varying usable acreage and individual pricing. Lots #2, #3, and #7 front Real Terrace, offering excellent visibility and accessibility. Detailed information on the other parcels is available upon request. This property presents a unique opportunity for investors and developers seeking a prime location in a growing area of Lake City. The property's location provides easy access to major roadways and local amenities, making it an attractive investment for a variety of commercial ventures. The CI zoning allows for a diverse range of commercial uses, ensuring flexibility for future development plans. Don't miss this chance to acquire a highly desirable commercial property in a thriving Florida market. The zip code is 32025.
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
Similar Nearby for Sale
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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.