16.16 Acres of Land - Pad Ready for 40 Duplexes (80 Residences)

1021 NW Turner Avenue, Lake City, FL 32055

Accepting Offers

16.16 Acres of Land - Pad Ready for 40 Duplexes (80 Residences)

Asking Price

$2,500,000

16.16 Acres of Land - Pad Ready for 40 Duplexes (80 Residences)

1021 NW Turner Avenue, Lake City, FL 32055

Details

Asset Type: Real Estate

Estate: Fee Simple

Property Type: Land

Land Area: 16.16 Acres

Investment Highlights

16.16 pad ready acres for 80 residences
40 duplexes - 20 two-bedroom, 20 three-bedroom
Plans for cottage style duplexes with tall roofs and front porches included.
Expected rent for the 2/2 duplexes is $1,200/unit.
Expected rent for the 3/2 duplexes is $1,600/unit.
Easy access to I-75 and I-10.
Shopping, dining and recreational activities are nearby in Lake City.
Fully engineered stormwater facilities with retention pond, Miami curbs, and underground pipes.
Fire hydrants throughout the site.
Upon completion, Columbia County will take over road maintenance.
The subdivision will be connected to city water.
DEP approved septic permits are in place.
Underground utilities.
Plan for the 2/2 is 1,177 square feet per unit.
Plan for the 3/2 is 1,187 square feet per unit.
All units have front and rear covered porches.

16.16 Acres of Land - Pad Ready for 40 Duplexes (80 Residences)

16.16 acres being sold pad ready for the construction of 40 duplexes (20 two-bedroom and 20 three-bedroom units) for a total of 80 residences. Plans for the duplexes have been generated. All site work will be completed which includes the construction of two roads, a drainage pond and all infrastructure to support the project pursuant to the site permit. The site is conveniently located near both interstate I-75 and I-10. Shopping, dining and recreational activities in Lake City are close by. The expected completion date is July 31, 2026. This is a fantastic turnkey development opportunity in fast growing Columbia County.

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