1605 W Us Highway 90 Lake City, FL 32055
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
*CG · Lake City, FLLake City. Always verify with local authorities before improvements.
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.