Property profile

0 I-75/Sr-247/Real Ter Lake City, FL 32025

OFF-MARKET
Land
41 ac lot
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Property summary

AI-generated overview

This exceptional 41-acre commercial land parcel presents a remarkable investment opportunity in Lake City, Florida. Boasting an unparalleled location with significant frontage on I-75 (1,520 feet), SR-247 (642 feet), and Real Terrace (396 feet), this property offers unmatched visibility and accessibility. The strategic positioning approximately one mile from the bustling US-90/SR-247 corridor ensures high traffic volume and exposure to a large potential customer base. The property is zoned RMF-1, providing flexibility for a variety of commercial developments. Given the ongoing commercial growth along SR-247, this land represents a prime opportunity to capitalize on the area's expanding economy. The substantial lot size allows for significant development potential, catering to a wide range of commercial ventures. With its ideal location and zoning, this property is poised for immediate success and long-term growth. The asking price is $2,000,000. The property's address is I-75/SR-247/Real Terrace, Lake City, FL 32025.

Property profile

Verified
Property type Land
Lot 41 ac (1,785,960 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

I-75/Sr-247/Real Ter Lake City, FL 32025
Lake City metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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