Property profile

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

OFF-MARKET
Land
1.93 ac lot
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Property summary

AI-generated overview

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

Verified
Property type Land
Lot 1.93 ac (84,071 SF)

Cap rate & NOI

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

Location

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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