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    OFF-MARKET
    Office buildings

    1509 Century Gln, Lake City, FL 32025-7401

    8,400 SF 1 ac lot Built 2006
    Trust Owned 21-yr Hold ~ Est. High Equity
    Property ID
    US18-4614945
    Property summary
    AI-generated overview

    This exceptional 8,400-square-foot warehouse/office space in Lake City, Florida, presents a significant opportunity. Situated on one acre of land, this single-tenant property boasts a strategic location at the crossroads of major Florida distribution routes I-10 and I-75, ensuring efficient transportation. The building features a 22-foot ceiling height, ten 12ft x 10ft dock-high doors (five tandem bays), and ten drive-in doors, facilitating seamless loading and unloading. The layout includes both conditioned office space and ample storage, complemented by a catwalk and a small breakroom. The property's concrete block construction, clear-span design, and metal roof ensure durability and functionality. A paved lot and ample parking on both sides of the building allow for easy trailer maneuvering and drive-through access. The property is conveniently located within two miles of I-75 and seven miles from the I-10 interchange, providing unparalleled access for distribution. Lake City offers a range of amenities, including restaurants, recreational activities, and educational institutions, such as a local junior college, with the University of Florida and its renowned healthcare system a short 30-minute drive away. The property's 400-amp power supply further enhances its operational capabilities. The zoning is designated as Office Warehouse.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 2006
    Construction STEEL FRAME
    Total area 8,400 SF
    Lot 1 ac (43,560 SF)
    APN 01-4S-16-02703-012
    UPID US18-4614945
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Century Ambulance Ambulance Service
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Owner & transaction history
    Sellers Herbert S III Trust · 21 yrs held
    Sellers Herbert S III Trust
    since 2004
    3 recorded transactions
    2004
    $100,000
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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