Property profile

0 Bascom Norris Dr Lake City, FL 32025

OFF-MARKET
Land
2.55 ac lot
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Property summary

AI-generated overview

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

Verified
Property type Land
Lot 2.55 ac (111,078 SF)

Cap rate & NOI

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

Location

Bascom Norris Dr 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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