Property profile

0 Corporate Dr Lake City, FL 32024

OFF-MARKET
Land
3.08 ac lot
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Property summary

AI-generated overview

This 3.08-acre commercial land parcel in Lake City, Florida, presents a remarkable investment opportunity. Located on SW Corporate Drive, the property boasts exceptional visibility from Interstate 75, a major thoroughfare with high daily traffic volume. The site is zoned CI, permitting a wide range of commercial uses, making it suitable for various development projects. Consider the potential for a hotel, restaurant, or other commercial ventures, given the existing concentration of hospitality and retail businesses in the immediate vicinity. West of I-75, neighboring establishments include the Fairfield Inn & Suites, Red Roof Inn, Camping World, Hampton Inn, and Country Inn & Suites. Additional motels and restaurants are situated on the east side of I-75, further highlighting the area's strong commercial activity and potential for synergy. The property's strategic location and zoning flexibility offer significant advantages for investors seeking a prime commercial development site in a thriving area. The asking price is $850,000. This is a rare opportunity to acquire a substantial parcel of land with excellent visibility and development potential in a high-traffic location. Columbia County, Florida, provides a supportive environment for business growth.

Property profile

Verified
Property type Land
Lot 3.08 ac (134,165 SF)

Cap rate & NOI

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

Location

Corporate Dr Lake City, FL 32024
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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