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Property profile & analytics
FOR SALE
Banks

1605 W Us Highway 90 Lake City, FL 32055

3,774 SF 2.05 ac lot Built 1975
Individually Owned 3-yr Hold Free & Clear
Property ID
US18-3894975
Property summary
AI-generated overview

This exceptional 2-acre commercial parcel, located at 1605 W US Hwy 90 in Lake City, Florida (zip code 32055), presents a compelling investment opportunity. Boasting 205 linear feet of frontage on a major thoroughfare with an impressive 38,000 AADT, this property offers unparalleled visibility and accessibility. Situated just 1.7 miles from I-75, Exit 427, it benefits from convenient access to major transportation routes. The property is zoned Commercial General (CG), allowing for a diverse range of business uses, including retail, offices, medical facilities, and more. Existing improvements include a 2,596 square foot one-story bank building with a drive-thru and a 1,980 square foot low-rise office building. Utilities such as water and sewer are available, though upgrades may be necessary for new development. The property's APN is 31-3S-17-06201-000. No known environmental concerns exist. This strategically located parcel provides immediate access to a vibrant commercial area, offering proximity to shopping, dining, and other essential services. The asking price is $1,800,000. This represents a significant price reduction from the previous listing price. The property's location at the signaled intersection of SW Sisters Welcome Road and W US Hwy 90 ensures easy ingress and egress.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1975
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,774 SF
Lot 2.05 ac (89,133 SF)
Zoning code *CG
APN 31-3S-17-06201-000
UPID US18-3894975
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Radiant Credit Union · 3 yrs held
Radiant Credit Union
since 2023
1 recorded transaction
2023
Price N/A
Zoning & alternative use
*CG · Lake City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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