Financial
Distress signals
Property profile

122 Patterson Ave Lake City, FL 32055

OFF-MARKET
Bars & Pubs
Property ID
US18-4286163
3,252 SF 0.4 ac lot Built 1977
Last sale Dec 2025 · $85,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a 0.395-acre corner parcel located on US-90, east of downtown Lake City, at the intersection of East Duval Street (US-90) and NE Patterson Avenue. It includes a structure built in 1977 with 1,618 square feet of heated interior space and 3,252 square feet total under roof. The site has historically been used for nightlife and entertainment, including prior bar and nightclub uses, and it is currently positioned for a variety of commercial applications. The property is zoned Commercial Intensive (CI) and includes paved off-street parking.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$3k
Tax billed · 2023
Assessed value$112k
Assessed land$43k
Assessed improvement$69k
Effective rate2.35%

Value estimate

· Sep 2026
$275k
$248k – $303k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
*CI
JurisdictionCOLUMBIA

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility10.6
Electrical Service10.0
Garden Center9.2

Location

122 Patterson Ave Lake City, FL 32055
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
176 Centurion, Lake City, FL 32055-5827 $1,999,000 Jul 2025 3,160 SF
1115 Us Hwy 90, Lake City, FL 32055-3751 $600,000 Oct 2024 2,666 SF
3081 Us Hwy 90, Lake City, FL 32055-4731 $1,989,900 Mar 2024 4,196 SF
3322 Us Hwy 90, Lake City, FL 32055-4733 $1,050,000 Dec 2023 4,268 SF
549 Duval, Lake City, FL 32055-3484 $130,000 Sep 2023 2,702 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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