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Property profile & analytics
OFF-MARKET
Land

0 Prosperity Pl Lake City, FL 32024

0.66 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 0.66-acre commercial land parcel is situated in the burgeoning SW Prosperity Place development in Lake City, Florida. Located on US-90 at Brown Road, this property benefits from a highly visible location with a red-light entrance into the park, ensuring excellent accessibility and exposure. The parcel is part of Cypress Lake Business Park, a thriving area already home to several medical facilities, indicating strong existing demand and a robust local economy. This prime location offers significant potential for a variety of commercial ventures. The property features city water and sewer connections, simplifying development and reducing upfront costs. A master retention system is already in place, and the site is designed to accommodate up to 70% impervious area, providing flexibility in development plans. The APN is 33-3S-16-02432-105. This is an exceptional opportunity to acquire a strategically located commercial lot in a rapidly growing area of Lake City. The asking price for this property is $125,000. Additional lots are available within the same development. This property is zoned for commercial use.

Property profile
Verified
Property type Land
Lot 0.66 ac (28,750 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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