$355,000
398 Marion Avenue
Lake City, FL 32025
Listing updated: September 4, 2026 at 3:53 PM ET
Listing courtesy of Bosshardt Realty Services Llc · Kristine Wendig · MLS #GC542575 · Active · 352-371-6100Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
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.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history23 days on market
- Status: ActiveAug 12, 2026
- Listed$359,000Aug 12, 2026
- Price reduced$355,000
Facts & features
- Property type
- Commercial Sale
- Sub type
- Mixed Use
- Status
- Active
- Days on market
- 23
- Subdivision
- Ashurst Sub
- County
- Columbia
- Year built
- 1926
- Living area
- 2,559 sq ft
- Price/sq ft
- $133
- Building area
- 2,673 sq ft (Public Records)
- Lot size
- 13,983 sq ft
- Lot category
- 1/4 to less than 1/2
- Flood zone
- X
- Annual taxes
- $2,400 (2025)
- Parcel #
- 00-00-00-13827-000
- MLS #
- GC542575
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Interior Details
- Direction faces
- East
Heating & Cooling
- Cooling
- Wall/Window Unit(s)
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- Listing terms
- Cash, Commercial Financing, USDA Loan
- Ownership
- Fee Simple
Exterior & Construction
- Construction materials
- Frame, Wood Siding
- Roof
- Metal
- Foundation
- Pillar/Post/Pier
- Road surface
- Paved
Listing Details
- Listing date
- 2026-08-06
- On market date
- 2026-08-12
- Original list price
- $359,000
- Occupant type
- Owner
- MLS area
- 32025 - Lake City
- Listing AOR
- Gainesville-Alachua
- Status changed
- 2026-08-12
- Tax legal description
- S DIV LOTS 9, 10, 17, 18 & LOTS 11 & 16 EX 16 FT OFF S SIDE BLOCK 1 ASHURST S/D. 792-2431-2434, 994-2295, DC 1381-469, DC 1422-119,
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
From Baya Drive, head north on Marion Street. Home is second on the left past SW Camp Street.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
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.
Based on information submitted to the MLS GRID as of September 4, 2026 at 3:53 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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