1191 Bascom Norris DrLake City, FL 32025

Property Details for 1191 Bascom Norris Dr

Year built

2008

Construction

STEEL FRAME

Lot size

0.19 AC

Property size (Sq ft)

7,200 SF

Property type

Retail properties

Property subtype

Other individual retail properties

APN

01-4S-16-02700-004

APU

014S1602700004

Description

This exceptional 7,200-square-foot Class A medical office building, located at 1191 SW Bascom Norris Dr, Lake City, FL 32025, presents a unique investment opportunity. Built in 2008 and extensively renovated in 2020, the single-tenant property boasts a 20-foot ceiling height and a clear-span design, offering unparalleled flexibility for various uses. The building's prime location in Columbia County, Florida, is adjacent to a successful cardiology practice, ensuring high visibility and potential for significant foot traffic. The property is ideal for medical offices, traditional office spaces, executive suites, creative office environments, or even coworking spaces. With its 7,200 square feet of entirely vacant space, this property offers immediate occupancy. The building is a single-story structure, eliminating the need for elevators. Property taxes are $1.65 per square foot. This versatile space represents a compelling opportunity to establish a thriving business in a rapidly growing area. The former church building's unique architecture provides a distinctive character, while the recent renovations ensure modern functionality and appeal. The high-traffic location, coupled with the building's adaptable design, makes this property an exceptional investment.

• CAP approach

  CAP return

  Valuation

  6%

  $2,285,615

  6.5%

  $2,109,798

  7%

  $1,959,098

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,233,974

  Geo Method

  $1,233,974

• Alternative Use

  Use

  Valuation

  Residential

  $1,779,694

  Hospitality

  $1,630,190

  Educational

  $1,356,299

  Medical

  $1,402,944

  Retail

  $2,109,798

Location Insight

City

Lake City

County

Columbia

State

Florida

Latitude

30.1701

Longitude

-82.6634

CBSA code

29380

CBSA name

LAKE CITY, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].