Property profile

2 Real Ter Lake City, FL 32025

OFF-MARKET
Land
1.86 ac lot
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Property summary

AI-generated overview

This exceptional 1.86-acre commercial land parcel presents a unique investment opportunity in Lake City, Florida. Located on Real Terrace, this property is zoned CI, offering considerable flexibility for various commercial ventures. The lot boasts a total area of 1.86 acres, with approximately 0.89 acres usable. Its strategic location provides excellent visibility and accessibility, making it ideal for businesses seeking high traffic exposure. The property is part of a larger development with several other parcels available, offering potential for expansion or synergy with neighboring businesses. This is Lot #2, and its proximity to SR-247 further enhances its commercial appeal. The asking price of $99,500 represents a compelling value for a property of this size and location in a growing market. Detailed zoning information and site plans are available upon request. This is an excellent opportunity to acquire a strategically located commercial lot in a thriving area of Columbia County, Florida, with the potential for significant return on investment. The property's address is Real Terrace (2), Lake City, FL 32025.

Property profile

Verified
Property type Land
Lot 1.86 ac (81,022 SF)

Cap rate & NOI

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

Location

2 Real Ter Lake City, FL 32025
Lake City metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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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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