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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"βit's an opportunity to create something truly special.
| DAYS ON MARKET | 32 | LAST UPDATED | 9/4/2026 |
|---|---|---|---|
| TRACT | ASHURST SUB | YEAR BUILT | 1926 |
| COMMUNITY | 32025 - Lake City | COUNTY | Columbia |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Sep 4, '26 | $359,000 |
|---|---|
| Sep 4, '26 - Today | $355,000 |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 32025 - Lake City |
| CONSTRUCTION | Frame, Wood Siding |
| LOT | 0.32 acre(s) |
| LOT DIMENSIONS | 70x200 |
| STORIES | 2 |
| SUBDIVISION | ASHURST SUB |
| TAXES | 2399.97 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Kristine Wendig, BOSSHARDT REALTY SERVICES LLC, 352-371-6100
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 9/7/26 6:28 AM PDT.
This IDX solution is (c) Diverse Solutions 2026.