Property summary
This exceptional 2.55-acre commercial land parcel presents a prime development opportunity in Lake City, Florida. Located on busy SW Bascom Norris Dr, experiencing 12,000 cars daily, this property boasts high visibility and accessibility. The land is currently vacant and ready for immediate development, further enhanced by its adjacency to a parcel zoned R/O. Situated within city limits, this tract benefits from a fast-growing, urban environment characterized as good and developing. The property features highway frontage and paved road access, ensuring convenient transportation. Public water and sewer services are readily available nearby. This offering is further strengthened by the absence of any agricultural exemption, homeowner's association fees, or special assessments. The zoning is RMF-1. Financing options include cash and conventional loans; possession is granted at closing. The APN is 01-4S-16-02664-001, 01-4S-16-02664-199. The asking price is $199,000, translating to $78,039.22 per acre. This is a rare chance to acquire a strategically located commercial property poised for significant growth and return on investment.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
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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