782 Sisters Welcome RdLake City, FL 32025

Property Details for 782 Sisters Welcome Rd

Year built

2000

Construction

FRAME

Lot size

9.00 AC

Property size (Sq ft)

4,294 SF

Zone code

CI

Property type

Healthcare properties

Property subtype

Medical offices

APN

01-4S-16-02677-000

APU

014S1602677000

Description

This exceptional 7.64-acre parcel presents a remarkable opportunity for development in the heart of Lake City, Florida. Ideally situated with convenient access from multiple streets and significant frontage (approximately 530 feet) on Sisters Welcome Road, this property offers unparalleled potential. Additional parcels are available to provide access to Bascom Norris Road, enhancing its versatility. The site boasts a pre-planned retention pond, addressing crucial infrastructure needs. Its central location provides easy access to all that Lake City offers, making it an attractive proposition for a variety of commercial ventures. Currently zoned R/O, rezoning to commercial is readily achievable. The property features a depth of approximately 950 feet, and there are no deed restrictions. Tax ID is 01-4S-16-02677-000. The land benefits from existing improvements including sidewalks and drainage systems

• CAP approach

  CAP return

  Valuation

  6%

  $927,289

  6.5%

  $855,959

  7%

  $794,819

• Comparable approach

  Method

  Valuation

  Relative Method

  $292,035

  Geo Method

  $292,035

• Alternative Use

  Use

  Valuation

  Residential

  $1,061,390

  Hospitality

  $972,227

  Educational

  $808,882

  Medical

  $836,700

  Retail

  $1,258,260

Location Insight

City

Lake City

County

Columbia

State

Florida

Latitude

30.1714

Longitude

-82.663

CBSA code

29380

CBSA name

LAKE CITY, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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