1509 Century GlnLake City, FL 32025

  • Office properties
  • 8,400 SF
For Lease
$12/SF/YR View listing

Property Details for 1509 Century Gln

Year built
2006
Construction
STEEL FRAME
Lot size
1.00 AC
Property size (Sq ft)
8,400 SF
Property type
Office properties
Property subtype
Office buildings
APN
01-4S-16-02703-012
APU
014S1602703012

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,813,980
    6.5%
    $1,674,443
    7%
    $1,554,840
  • Comparable approach

    Method
    Valuation
    Relative Method
    $571,284
    Geo Method
    $571,284
  • Alternative Use

    Use
    Valuation
    Residential
    $2,076,309
    Hospitality
    $1,901,888
    Educational
    $1,582,349
    Medical
    $1,636,768
    Retail
    $2,461,431
1509 Century Gln, Lake City, Florida

Location Insight

City
Lake City
County
Columbia
State
Florida
Latitude
30.17
Longitude
-82.6605
CBSA code
29380
CBSA name
LAKE CITY, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,965
$73,508
$323,924
$397,432
-
$73,508
$323,924
$397,432

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