0 Devane St Lake City, FL 32055
This exceptional 1.53-acre commercial land parcel presents a remarkable investment opportunity in Lake City, Florida. Located in a prime area, this property is ideally suited for the development of an office building or medical facility. Its strategic location offers convenient access to major transportation arteries, being situated just off the intersection of I-75 and US-90, ensuring high visibility and accessibility for potential businesses and clients. The property boasts city water and sewer availability, simplifying the development process and reducing infrastructure costs. This is a significant advantage, eliminating the need for costly private utility installations. The asking price of $153,000 represents a compelling value proposition for developers seeking a well-positioned site with readily available utilities. The lot's size provides ample space for a substantial building project, allowing for flexibility in design and functionality. This is more than just land
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.