About This Home

This 0-bedroom, 0-bathroom commercial at 398 S MARION in Lake City, FL is listed for $349,000 ($168 per sqft). Built in 1926, the home offers 2,079 sqft of living space on a 0.32 acres lot.

Key Features

  • Built in 1926
  • 0.32 acre lot
  • 2 stories

Property Details

2 stories
1926

Amenities

Hardwood
Listing Description

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.

Monthly Cost Estimate

$1,867/mo

20% down · 6.5% · 30 years

Principal$252
Interest$1,512
Insurance$102

Estimates only. Actual payments may vary.

Location

398 S MARION

Lake City, FL 32025

Features & Amenities

Interior Features

Living QuartersPrivate RestroomsPhoneInterior-CableCable TV Available

Exterior Features

Trash Collection

Property Details

Flooring

Tile - PorcelianHardwood

Construction

Frame Wood Siding

Cooling

Wall Unit(s)

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 398 S MARION is listed at $349,000 ($168/sqft). The estimated monthly payment is $1,867 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1926, 0.32 acre lot, 2 stories. Interior Features: Living Quarters, Private Restrooms, Phone. Exterior Features: Trash Collection.

This property is listed by Stephen Wendig.

SW

Stephen Wendig

Agent at Bosshardt Realty Services, LLC

Listed by Bosshardt Realty Services, LLC · Broker phone: (352) 371-6100 · Broker website

MLS# 132722· Source: Lake City Board of REALTORS®· 3 days on PropertySimple

Copyright © 2026 Lake City Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

398 S MARION, Lake City, FL 32025

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