1509 Century GlnLake City, FL 32025

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 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.

• 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

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

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