3 Real Ter Lake City, FL 32025
This exceptional 2.14-acre commercial land parcel presents a significant investment opportunity in Lake City, Florida. Located on Real Terrace, this property is ideally situated for various commercial ventures. The parcel is zoned CI, offering flexibility for a range of development possibilities. With a total acreage of 2.14 acres, a usable portion of 0.85 acres is available for immediate development. The property's strategic location provides excellent visibility and accessibility, making it an attractive option for businesses seeking a high-traffic area. This lot is part of a larger development with several other parcels available for purchase, offering potential for expansion or synergy with related businesses. The address is Real Terrace (3), Lake City, FL 32025. This is Lot #3, and the asking price is $99,500. The property's location offers convenient access to SR-247, ensuring high visibility and easy access for customers and employees. This is a rare opportunity to acquire a well-positioned commercial lot in a growing area. Serious inquiries are encouraged.
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
Similar Nearby for Lease
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.