0 Lake City Ave Lake City, FL 32024
This exceptional 110.46-acre commercial land parcel presents a unique investment opportunity in Lake City, Florida. Strategically located within city limits, this property boasts approximately 886 feet of frontage on CR-245 (Price Creek Road), offering significant visibility and accessibility. Additional frontage exists along CR-245A on the western boundary, providing further development potential. The property is currently zoned RR, but per an agreement with the City of Lake City, it can be rezoned for industrial use, opening up a wide range of development possibilities. This expansive tract offers significant flexibility for various commercial ventures, from warehousing and distribution to light industrial uses. Its prime location and zoning flexibility make it an ideal site for businesses seeking a strategic presence in a growing Florida market. The address is Lake City Ave, Lake City, FL 32024, within Columbia County. The asking price for this substantial land holding is $2,761,500. This represents a compelling opportunity to acquire a large, well-situated commercial parcel with significant upside potential. The latitude and longitude coordinates are 30.1791121, -82.7011731 respectively.
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.