0 Prosperity Pl Lake City, FL 32024
This exceptional 2.11-acre commercial land parcel presents a remarkable investment opportunity in Lake City, Florida. Situated in a thriving new commercial subdivision, this property boasts a highly desirable location at the corner of US-90 and Executive Drive, offering excellent visibility and accessibility. The site benefits from a convenient red-light entrance into the park, ensuring high traffic flow and exposure for any commercial development. This strategically positioned lot is part of a development that already includes the newly constructed Orthopaedic Institute facility, indicating a strong commitment to growth and development in the area. All lots within the subdivision are equipped with city water and sewer infrastructure, simplifying the development process and reducing upfront costs. A master retention system is already in place, further streamlining the construction process. The property's design allows for up to 70% impervious area, providing flexibility for a variety of commercial building plans. This prime location, coupled with the existing infrastructure and the presence of established businesses, makes this a truly exceptional opportunity for investors seeking a high-return commercial development project in a rapidly growing area of Lake City. The asking price is $895,000. The property is located at SW Prosperity Pl, Lake City, FL 32024, in Columbia County.
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
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.