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.
