Lake City, KS Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Lake City, Kansas Market population: 12K. Browse multifamily, office, retail, industrial, and mixed-use investment...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Lake City FL Properties: 1.0700%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Lake City FL
Common questions from investors exploring commercial real estate in Lake City FL.
What's the overall investment potential of Lake City, FL, considering its demographics and economy?
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Lake City's median household income of $28,155, combined with a poverty rate of 24.3% and an employed population of 4,157, suggests a working-class market with some employment stability. The city's top industries, including manufacturing and finance, contribute to its economic diversity, while the 17.7-minute average commute time and 83.2% health insurance coverage indicate a relatively stable quality of life for residents.
How does the city's ethnic diversity and industry mix impact market demand for real estate investments?
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The city's diverse population, with top ethnicities including White, White Non-Hispanic, and Black, contributes to a vibrant community, while its industry mix, featuring manufacturing, finance, and public administration, drives demand for housing and commercial spaces. The foreign born rate of 4.3% also suggests a potential for international investment and cultural exchange.
What are the key factors to consider when evaluating the rental market in Lake City, FL?
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The rental market in Lake City is influenced by factors such as the poverty rate of 24.3%, the health insurance coverage of 83.2%, and the average commute time of 17.7 minutes. These metrics suggest a working-class market with relatively stable employment and access to healthcare, making it an attractive option for renters. Additionally, the top commute methods, including driving alone and carpooling, indicate a need for convenient and affordable housing options.
How does the city's homeownership rate and property values impact the real estate investment landscape?
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The homeownership rate of 43.5% in Lake City, combined with a median property value of $115,500 and median property taxes of $1,974, suggests a relatively affordable housing market with opportunities for both homeowners and investors. The GINI coefficient of 0.465 indicates some income inequality, but the overall economic conditions and quality of life metrics, such as the average commute time and health insurance coverage, contribute to a stable environment for real estate investments.
What role do quality of life metrics, such as commute time and health insurance coverage, play in assessing market stability for real estate investments in Lake City, FL?
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The average commute time of 17.7 minutes and health insurance coverage of 83.2% in Lake City are essential quality of life metrics that contribute to market stability. These factors, combined with the city's top industries and diverse population, indicate a relatively stable and attractive environment for residents, which in turn supports the demand for housing and commercial spaces, making it an appealing option for real estate investors.
Lake City FL Real Estate & City Facts
Key facts and real estate information about Lake City FL.
What are some of the best neighborhoods to live in Lake City?
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Some of the best neighborhoods to live in Lake City include Emerald Lakes, Oak Hill Estates, and Forest Meadow Plantation. These neighborhoods offer a peaceful and family-friendly atmosphere, with clean surroundings and a strong sense of community. Additionally, areas like Macclenny, Glen St. Mary, and parts of Northwest Lake City are also great places to consider.
What are some fun things to do in Lake City?
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There are plenty of fun things to do in Lake City, including visiting the Ichetucknee Springs, exploring the Watertown Lake, and trying out the Break the Code Escape Rooms or Bullseye's axe throwing. You can also check out the Gateway Art Gallery, Olustee Depot, or the Florida Museum of Natural History. For outdoor activities, visit one of the many parks for hiking, biking, boating, or birding.
What is the food scene like in Lake City?
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The food scene in Lake City is a gastronomic adventure, with a variety of restaurants to choose from. Some popular spots include Marion Street Bistro and Brewhouse, Phish Heads, Casa Maria Authentic Mexican Restaurant, and Marion Street Deli & Pub. You can also find great waterfront restaurants like Steinhatchee Marina at Deadman Bay and Drifters Riverfront Bar & Grill. There are also plenty of great food trucks and local eateries to explore.
What are the pros and cons of living in Lake City?
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Living in Lake City has its pros and cons. On the plus side, the city offers a peaceful and family-friendly atmosphere, with plenty of outdoor activities and a growing food scene. However, some areas of the city may have higher crime rates, and the job market can be limited. Additionally, the city's poverty rate is higher than the national average, and some residents may struggle with access to healthcare and education. Despite these challenges, many residents love the city's small-town charm and sense of community.
Is Lake City a good place to live?
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Whether or not Lake City is a good place to live depends on your individual preferences and priorities. If you're looking for a peaceful and affordable place to live with a strong sense of community, Lake City may be a great fit. However, if you're looking for a more urban or fast-paced lifestyle, you may want to consider other options. Overall, Lake City has its pros and cons, but it can be a great choice for those who value a small-town atmosphere and are willing to look beyond its challenges.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Lake City FL Commercial Property: $28,155
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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