Lake City, FL 32055
This exceptional 10.94-acre commercial land parcel presents a significant investment opportunity in Lake City, Florida. Strategically located on W US-90, the property boasts approximately 100 feet of frontage on this major thoroughfare, ensuring high visibility and accessibility. The property includes a 2,384 square foot brick home built in 1964, which is being sold "as is." This existing structure could be repurposed, renovated, or removed to accommodate a new development, depending on the buyer's vision. The property's substantial size offers ample space for a variety of commercial ventures, from retail and restaurants to light industrial uses. The location in Columbia County, Florida, provides access to a growing population and a strong local economy. This is a rare opportunity to acquire a large, well-positioned commercial parcel in a desirable area. Further acreage may be available; please inquire for details using MLS#100655. The asking price for this exceptional property is $1,500,000. This represents a compelling investment in a high-growth area with significant potential for future appreciation. The property's prime location and substantial size make it an ideal candidate for a wide range of commercial developments.
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
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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.