Property profile

1170 W Us Highway 90 Lake City, FL 32055

FOR SALE
Warehouses
Property ID
US18-2933171
2,400 SF 1.41 ac lot Built 1954
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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For Sale
Contact for pricing 2,400 SF
1170 W Us Highway 90, Lake City, FL 32055
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Property summary

AI-generated overview

This exceptional 2,485-square-foot flex space presents a compelling investment opportunity in Lake City, Florida. Located at 1170 W US Hwy 90, this property enjoys a prime position in a high-traffic area, ensuring maximum visibility and accessibility for your business. The single-story building sits on a 1.41-acre lot and features an impressive 18-foot clear ceiling height, providing ample space for a variety of uses, from retail and distribution to service-based businesses. The property includes a fenced lot, allowing for secure operations and storage, and benefits from prominent signage opportunities to enhance brand visibility. Inside, you'll find comfortable air conditioning. Essential utilities are readily available, including city water, sewer, and electric heating. The asking price is $575,000, translating to $231.39 per square foot. This Class C industrial property is zoned for flex use, offering versatility and potential for significant return on investment. Its strategic location and functional design make it an ideal choice for entrepreneurs and investors seeking a high-impact commercial space in a thriving market. The property is situated in Columbia County, Florida, with a zip code of 32055.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1954
Construction FRAME
Total area 2,400 SF
Lot 1.41 ac (61,561 SF)
APN 31-3S-17-05942-000
UPID US18-2933171

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop
  • Gas Station

Location

1170 W Us Highway 90 Lake City, FL 32055
Lake City metro Census 110500 LAKE CITY, FL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

since 2023
Last sale
$275,000
5 recorded transactions
2023
$275,000
2008
$500,000
2005
$120,000
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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