Property summary
This exceptional 1.93-acre commercial land parcel presents a unique investment opportunity in Lake City, Florida. Located at the highly visible corner of SW SR-247 and Real Terrace, this property boasts excellent highway frontage on paved roads and offers unparalleled exposure. The lot is cleared and ready for development, featuring a northeast and south orientation. Zoned CI, this vacant land is situated in a rapidly growing area, ideal for a variety of commercial or professional uses. The property is free of deed restrictions and has no agricultural exemption. Tax ID numbers are 02-4S-16-02712-104 and 02-4S-16-02712-105. The asking price is $349,000, translating to approximately $180,829 per acre. While utilities are not currently on-site, public water and sewer are readily available nearby. The property is located within city limits and falls within flood zones X and A. Flexible financing options are available, including cash purchase and lease options with a minimum one-year lease at $3,500 per month. Possession is granted at closing. This is a rare chance to acquire a strategically positioned commercial lot in a thriving market. Don't miss this opportunity to build your business in a prime location.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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