0 Prosperity Pl Lake City, FL 32024
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.
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
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.