Strong in-place income (current 7.6% cap rate!) with excellent development potential! The building is currently configured with two residential units (one two-bedroom and one studio) along with three commercial spaces, creating diversified and reliable income streams. The mixed-use layout offers flexibility for future repositioning or optimization based on market demand. The property offers a new owner the opportunity to adjust rents, refine the tenant mix, or utilize the space for partial or full owner occupancy. The standalone design enhances functionality and access, appealing to both residential tenants and commercial users alike. Located in a high-visibility area of Lake City, the property benefits from consistent foot and vehicle traffic, making it well-suited for retail or service-oriented businesses. NC55 zoning adds further versatility and long-term value.
Listing Provided Courtesy of Timothy Lenihan, Windermere Real Estate Midtown
General Information
NWM2507045
Commercial Industrial
3
DOM
4399.56 SqFt
0
1946
Commerc
King
Commercial Sale
Commercial Industrial
Listing Provided Courtesy of Timothy Lenihan, Windermere Real Estate Midtown
Krishna Realty data last checked: Apr 17, 2026 00:58 | Listing last modified Apr 15, 2026 00:15,
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Residence Information
0
3636
Flat
60 - Comm Bldg Und 10K
1946
Poured Concrete
Features and Utilities
Wood, Wood Products
Public
Sewer Connected
Financial
5834
Cash, Conventional
04-14-2026
8364
Comparable Information
3
3
Cash, Conventional
$1,150,000
$1,150,000
Apr 15, 2026 00:15
Schools
Map
Listing courtesy of Windermere Real Estate Midtown.
Strong in-place income (current 7.6% cap rate!) with excellent development potential! The building is currently configured with two residential units (one two-bedroom and one studio) along with three commercial spaces, creating diversified and reliable income streams. The mixed-use layout offers flexibility for future repositioning or optimization based on market demand. The property offers a new owner the opportunity to adjust rents, refine the tenant mix, or utilize the space for partial or full owner occupancy. The standalone design enhances functionality and access, appealing to both residential tenants and commercial users alike. Located in a high-visibility area of Lake City, the property benefits from consistent foot and vehicle traffic, making it well-suited for retail or service-oriented businesses. NC55 zoning adds further versatility and long-term value.
