0 Executive Dr Lake City, FL 32024
This exceptional 4.5-acre commercial land parcel presents a unique investment opportunity in Lake City, Florida. Located in a rapidly developing area, this vacant lot boasts a prime location on SW Executive Dr, offering easy access to US-90 and Brown Road via a traffic-controlled intersection. The property is part of a new commercial subdivision, already home to several medical facilities, ensuring a thriving and established neighborhood. The lot features an irregular shape and is zoned CHI, falling within a Flood Zone X designation. Existing infrastructure includes curbs, gutters, and drainage systems, along with paved, government-maintained roads. Public water and sewer services are readily available nearby, complemented by existing electricity and telephone access. The property is suitable for commercial or professional use, with deed restrictions in place. The asking price is $675,000, translating to $150,000 per acre. The sale is cash only, with possession granted at closing. The Tax ID is 33-3S-16-02433-001, and there is no agricultural exemption. This property offers significant potential for development in a high-growth area, making it an attractive investment for discerning buyers. Directions: From US-90/I-75, go west on US-9, left on Sweetbreeze, right on Executive Glen; the property is at the corner of Sweetbreeze/Executive Glen.
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.