$359,000
HISTORIC COMMERCIAL PROPERTY WITH ENDLESS POSSIBILITIES! Bring your vision to 398 S Marion Avenue in downtown Lake City! This beautifully restored 1926 property combines historic charm, modern improvements, and Commercial General zoning, creating an exciting opportunity for an investor, entrepreneur, or business owner. Potential uses include professional offices, boutique business space, Airbnb, bed and breakfast, or other commercial ventures, subject to applicable approvals and licensing. The two-story main building offers approximately 2,079 heated sf, beautiful hardwood floors, 9+ foot ceilings, original architectural details, an inviting covered front porch, updated electrical and plumbing, a 2020 roof, updated insulation, & numerous additional improvements. A separate carriage house with 2-car parking and a 1-bedroom, 1-bath apartment upstairs adds even more flexibility and potential. Located near the heart of downtown Lake City with convenient access to businesses, restaurants, shopping, and government offices, this is much more than a building—it's an opportunity to create something truly special.
From Baya Drive, head north on Marion Street. Home is second on the left past SW Camp Street.
Living Quarters, Private Restrooms, Phone, Interior-Cable, Cable TV Available
| MLS # | 132722 |
|---|---|
| Date Listed | 2026-08-12 |
| Status | Active |
| Property Type | Commercial |
| Property SubType | Commercial |
| Square Feet | 2079 sqft |
| Construction Stage | Existing Resale |
| Style | Two Story |
| Type | Frame,Wood Siding |
| Year Built | 1926 |
| Days on Market | 4 |
| Zoning | CG |
| Florida Room | No |
|---|---|
| Design | Two Story |
| Floors | Hardwood,Porcelain Tile |
| Cooling | 1+ Wall Units |
| Heating | Other-See Remarks |
| Windows | Wood |
| Hardwood Floors | Yes |
| Construction | Frame,Wood Siding |
|---|---|
| Exterior | Trash Collection |
| Lot Size | .321 sq ft |
| Acreage | 0.32 Acres |
| Parking | Private, Paved, Shell Dirt |
| Roof | Metal |
| Road | Paved,US Highway |
| Sewer | Public Connected |
| Water | Public Connected |
| Area | 1-S. Us 90 - E. Us 441 Columbia |
|---|---|
| Location | Central Business District |
| County | Columbia |
| City | Lake City |
| State | FL |
| Zip | 32025 |
| Flood Zone | X |
| Financing Terms | Cash, Conventional |
|---|---|
| Association Special Assessment | No |
MLS# 132722
IDX information provided by the North Florida MLS.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Listing Provided Courtesy of Stephen Wendig
Bosshardt Realty Services, Llc
Listing updated August 12, 2026 at 3:48 pm
Last checked 12 minutes ago