0 State Road 247, Lake City, FL 32025
This exceptional 0.501-acre commercial land parcel in Lake City, Florida, presents a remarkable investment opportunity. Located in a high-traffic area, this property boasts excellent visibility and accessibility due to its prime highway frontage. The parcel is situated directly adjacent to a Home Depot, Walgreens, and Dollar Tree, ensuring high foot and vehicle traffic. The property is zoned for commercial use and has an approved site plan for a 4,000 square foot building, although alternative development plans are welcome. The approved plan includes the possibility of a drive-through, adding further versatility and potential for various commercial ventures. The APN is 1-4S-16-02640-003. This is a rare opportunity to acquire a well-located, ready-to-develop site in a thriving retail corridor. The asking price is $399,000. The property's address is SW State Road 247, Lake City, FL 32025, within Columbia County. Don't miss this chance to capitalize on this exceptional location and build your business success.
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.