3575 Us-441Lake City, FL 32025

Property Details for 3575 Us-441

Property type

Apartment buildings

Property subtype

Small apartment buildings

Description

This exceptional seven-acre commercial property, located at 3575 US-441 in Lake City, Florida (zip code 32025), presents a unique investment opportunity. The property boasts a prime location with frontage on Highway 441 South and is zoned commercial general. The land is wooded and includes several existing buildings, some currently generating rental income. Building 1 features six studio apartments, while Building 2 offers three one-bedroom or larger studio apartments. A duplex (Building 3) presents potential for renovation and added value. Additionally, a currently rented mobile home and a billboard/leased signage contribute to the property's diverse income streams. All units utilize well and septic systems. Recent improvements include new roofs on Buildings 1 and 2, a repaved parking lot, rehabilitation of nine units, and fresh exterior paint. The substantial lot size offers significant expansion potential. Future development possibilities include adding more buildings, converting the property into a mobile home/RV park, creating RV/boat storage, or developing a commercial shopping center. The property is being sold "As Is." This is a rare opportunity to acquire a multi-faceted income-producing property with considerable upside potential in a desirable Florida location.

Location Insight

City

Lake City

County

Columbia

State

Florida

Latitude

30.1417

Longitude

-82.6347

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