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$349,000

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.

Ashurst Sub SubDv. ⋅ 32025 Zip Code

398 S Marion Avenue, Lake City

$349,000

Step back in time without sacrificing modern convenience in this beautifully restored 1926 historic home, ideally located in the sought-after Lake Isabella Historic District in the heart of downtown Lake City. Offering 2,079 heated square feet (2,673 total square feet), this timeless two-story residence has been thoughtfully renovated to preserve its original character while providing today's most desired updates. From the moment you arrive, you'll be captivated by the expansive covered front porch, classic architecture, and side portico. Inside, soaring 9+ foot ceilings, freshly painted interiors, original glass doorknobs, and gorgeous hardwood floors create a warm, inviting atmosphere filled with historic charm. The home has undergone extensive improvements, including a roof in 2020, updated plumbing and electrical systems, new fixtures and chandeliers, 5/8-inch drywall throughout, spray foam attic insulation, and new rolled insulation in the walls—offering the comfort and efficiency of a modern home while maintaining its historic appeal. The kitchen features KitchenAid stainless steel appliances, porcelain tile flooring, and ample space for gathering. Matching porcelain tile continues into the laundry room and bathrooms, while the hardwood floors extend throughout the remaining living spaces and bedrooms. A rare and highly desirable feature is the detached two-story carriage house, offering two covered parking spaces below and a private 1-bedroom, 1-bath apartment above with its own screened porch. Whether used for multi-generational living, guests, a home office, or rental income, this versatile space adds tremendous value and flexibility. Located just blocks from downtown Lake City's shops, restaurants, parks, and community events, this one-of-a-kind property blends nearly a century of history with the peace of mind of extensive modern updates. This is a rare opportunity to own one of Lake City's beautifully restored historic homes, where timeless architecture meets modern comfort and versatility.

4 Beds ⋅ 3 Baths ⋅ Ashurst Sub SubDv. ⋅ 32025 Zip Code

398 S Marion Avenue, Lake City

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