Property profile

663 Baya Ave Lake City, FL 32025

OFF-MARKET
Office Spaces
2,254 SF 0.69 ac lot
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Property summary

AI-generated overview

This exceptional commercial property in Lake City, Florida, presents a compelling investment opportunity. Located at 663 SE Baya Avenue, this 0.69-acre site encompasses two office buildings, with one recently remodeled. The total square footage is 2,254 square feet, distributed across the existing structures. The property includes a total of five city lots. Several key advantages enhance this offering's appeal. Interior lots have been cleared, and new fencing has been installed along Brown Street at the rear of the property. This strategic location offers significant potential for expansion, with the possibility of constructing two additional buildings within the existing complex. The property benefits from convenient access to city water and sewer services. Importantly, the buildings have not yet been marketed for lease, providing the new owner with complete control over future occupancy and rental strategies. This presents a unique chance to capitalize on the existing structures while simultaneously developing the remaining land. The asking price for this remarkable opportunity is $335,000. This property is zoned for commercial use and is ready for immediate development or lease.

Property profile

Verified
Property type Office Spaces
Total area 2,254 SF
Lot 0.69 ac (30,056 SF)

Cap rate & NOI

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

Location

663 Baya Ave Lake City, FL 32025
Lake City metro
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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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