3575 Us-441 Lake City, FL 32025
- Apartment buildings
Current Use by Public Records
- Isalis / Gift Shop / Boutique
- Party City / Party Store / Balloon Store
- Skunk Funk / Wholesaler / Clothing Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 3575 Us-441
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This exceptional seven-acre commercial property, located at 3575 US-441 in Lake City, Florida (zip code 32025), presents a unique investment opportunity. The property boasts a prime location with frontage on Highway 441 South and is zoned commercial general. The land is wooded and includes several existing buildings, some currently generating rental income. Building 1 features six studio apartments, while Building 2 offers three one-bedroom or larger studio apartments. A duplex (Building 3) presents potential for renovation and added value. Additionally, a currently rented mobile home and a billboard/leased signage contribute to the property's diverse income streams. All units utilize well and septic systems. Recent improvements include new roofs on Buildings 1 and 2, a repaved parking lot, rehabilitation of nine units, and fresh exterior paint. The substantial lot size offers significant expansion potential. Future development possibilities include adding more buildings, converting the property into a mobile home/RV park, creating RV/boat storage, or developing a commercial shopping center. The property is being sold "As Is." This is a rare opportunity to acquire a multi-faceted income-producing property with considerable upside potential in a desirable Florida location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lake City
- County
- Columbia
- State
- Florida
- Longitude
- -82.6347
- Latitude
- 30.1417
