215 Home Depot DrLake City, FL 32025

Property Details for 215 Home Depot Dr

Year built

2006

Construction

CONCRETE

Lot size

25.19 AC

Property size (Sq ft)

123,187 SF

Property type

Retail properties

Property subtype

Outlet malls

APN

01-4S-16-02640-000

APU

014S1602640000

Description

This exceptional 0.6-acre commercial land parcel presents a prime retail opportunity in Lake City, Florida. Strategically located directly in front of The Home Depot on SW Home Depot Drive, this multi-tenancy site benefits from exceptional visibility and high traffic counts. Its proximity to the Lake City Mall (less than half a mile away) further enhances its desirability. The property boasts a strong retail environment, surrounded by a diverse range of established businesses including Walgreens, CVS Pharmacy, Advance Auto Parts, AutoZone, Ashley Furniture, Dollar General, Harbor Freight, Hobby Lobby, Ross Dress for Less, Publix, PetSmart, Walmart, Lowe's, and Office Depot. This location offers unparalleled access to a substantial customer base, making it ideal for a variety of retail ventures. The property's size and prominent location make it an attractive investment for developers seeking a high-impact commercial presence in a thriving retail corridor. The 32025 zip code ensures easy access to a large population base. This is a rare opportunity to acquire a highly visible and well-positioned commercial lot in a rapidly growing area. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $39,105,280

  6.5%

  $36,097,184

  7%

  $33,518,814

• Comparable approach

  Method

  Valuation

  Relative Method

  $21,112,428

  Geo Method

  $21,112,428

• Alternative Use

  Use

  Valuation

  Residential

  $30,449,324

  Hospitality

  $27,891,418

  Educational

  $23,205,332

  Medical

  $24,003,400

  Retail

  $36,097,184

Location Insight

City

Lake City

County

Columbia

State

Florida

Latitude

30.1759

Longitude

-82.6668

CBSA code

29380

CBSA name

LAKE CITY, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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