663 Baya Ave, Lake City, FL 32025
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.
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.