0 Commerce Dr Lake City, FL 32055
This exceptional 19.46-acre commercial land parcel presents a remarkable investment opportunity in Lake City, Florida. Strategically located on NW Commerce Drive, this property boasts high visibility and accessibility, situated directly across from Lake City Medical Center. Its prime location offers significant advantages, benefiting from proximity to newly constructed and developing hotels, including the La Quinta Inn and Suites by Wyndham and the Towne Place Suites by Marriott (currently under construction). The property's advantageous position is further enhanced by its proximity to the US-90/I-75 interchange, ensuring excellent connectivity and exposure to a large volume of traffic. The property is zoned CG (Commercial General), providing considerable flexibility for a wide range of commercial developments. The expansive lot size allows for substantial building potential, catering to various business ventures. With its ideal location, zoning, and size, this property represents a rare opportunity to establish a thriving commercial enterprise in a rapidly growing area. The APN is 35-3S-16-02552-001. The asking price for this exceptional property is $725,000. Don't miss this chance to secure a prime piece of commercial real estate in a thriving Florida market.
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.