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0.53 acre Commercial Land | Lake City, FL 129 NE Coach Anders Ln 864 SF 100% Leased Retail Building Lake City, FL 32055 $79,000 ($91.44/SF) 15.39% Cap Rate
Investment Highlights
- 0.53-Acre Commercial Property – Includes an existing 864 SF single-family home on a commercially zoned parcel
- Flexible CI Zoning – Continue using the existing home as a residence, convert it into office or business space
- Opportunity Zone Property – Located within an Opportunity Zone, offering potential long-term tax advantages for qualifying investors.
- Prime Lake City Location – Situated in Columbia County with convenient access to major roads, local businesses, and everyday amenities.
- Income Potential – Projected gross rent of $1,180/month with an estimated NOI of $12,162/year.
- Owner-User or Value-Add Opportunity – Ideal for investors or businesses seeking an affordable commercial property with multiple exit strategies.
Executive Summary
Address: 129 NE Coach Anders Ln Lake City, FL 32055
County: Columbia County
Parcel ID: 00-00-00-11229-000
Building size: 864 sqft
Land size: 0.53 acre
Zoning: CI
Layout: 1 SFR
Sewer: Connected
Water: City Water. Connected
Electric: Connected
Road Access: Yes
Flood Zone: No
Wetlands: No
Opportunity zone: True
Existing single-family home may remain residential.
Once converted to commercial use, it cannot revert to residential.
Commercial options:
- Convert the home into office/business space, or
- Demolish and build a commercial building.
Any commercial project must comply with Florida Building Code and City requirements.
Residential Renovations:
Interior and exterior renovations are permitted.
No expansion of the existing building footprint or square footage is allowed.
Investment Highlights
Rent Info:
Potential Gross Rent: $1,180/month
Potential NOI: $12,162
Showing property visits by appointment only.
Call\ Text to schedule
Disclaimer: Acre Expert LLC is a team of real estate developers and investors. We buy, sell, and hold properties for investment purposes.
We are not licensed real estate brokers. This property is being marketed based on our equitable interest via an assignable contract or as the property owner.
All Information provided is preliminary and subject to change. Acre Expert LLC makes no guarantees regarding accuracy, lease terms, or financials. The buyer must conduct independent due diligence and verify all details.
County: Columbia County
Parcel ID: 00-00-00-11229-000
Building size: 864 sqft
Land size: 0.53 acre
Zoning: CI
Layout: 1 SFR
Sewer: Connected
Water: City Water. Connected
Electric: Connected
Road Access: Yes
Flood Zone: No
Wetlands: No
Opportunity zone: True
Existing single-family home may remain residential.
Once converted to commercial use, it cannot revert to residential.
Commercial options:
- Convert the home into office/business space, or
- Demolish and build a commercial building.
Any commercial project must comply with Florida Building Code and City requirements.
Residential Renovations:
Interior and exterior renovations are permitted.
No expansion of the existing building footprint or square footage is allowed.
Investment Highlights
Rent Info:
Potential Gross Rent: $1,180/month
Potential NOI: $12,162
Showing property visits by appointment only.
Call\ Text to schedule
Disclaimer: Acre Expert LLC is a team of real estate developers and investors. We buy, sell, and hold properties for investment purposes.
We are not licensed real estate brokers. This property is being marketed based on our equitable interest via an assignable contract or as the property owner.
All Information provided is preliminary and subject to change. Acre Expert LLC makes no guarantees regarding accuracy, lease terms, or financials. The buyer must conduct independent due diligence and verify all details.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
864 SF
Building Class
C
Year Built
1930
Price
$79,000
Price Per SF
$91.44
Cap Rate
15.39%
NOI
$12,162
Percent Leased
100%
Building Height
1 Story
Building FAR
0.04
Lot Size
0.53 AC
Opportunity Zone
Yes
Zoning
CG - commercial general
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 00-00-00-11229-000 | Improvements Assessment | $16,307 |
| Land Assessment | $9,240 | Total Assessment | $25,547 |
Property Taxes
Parcel Number
00-00-00-11229-000
Land Assessment
$9,240
Improvements Assessment
$16,307
Total Assessment
$25,547
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