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Property 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.
Full Property Details
Full Property Details for 398 S Marion Ave
General
- Price: $359,000
- Taxes: $2,399 (2025)
- Status: Active
- Type: Commercial
- Source: MidFloridaRegionalMLS
- MLS ID: GC542575
- Updated: 8/12/2026
- Added to Site: 5 day(s) ago
Location
- Area: 32025 - Lake City
- County: Columbia
- Development Name: 32025 - Lake City
- Subdivision: ASHURST SUB
- Driving Directions: From Baya Drive, head north on Marion Street. Home is second on the left past SW Camp Street.
- Direction Faces: East
Community
- Community Name: 32025 - Lake City
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
Structural Information
- # Buildings: 2
- Exterior Const.: Wood Frame, Wood Siding
- Roof: Metal
- Square Feet: 2,559
- Sq. Ft. Source: Public Records
- Year Built: 1926
Lot Features
- Lot Size (Acres): 0.32
- Lot Size (Sq. Ft.): 13,983
- Lot Size: 13983
- Lot Dimensions: 70 x 200
- Frontage: State Road
- Street/Road Desc.: Paved
Financial Considerations
- Tax Amount: $2,399.97
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- 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 Zone Info: X
- APN: 13827000
- Property ID: 13827000
- Block/Lot/Section: 1
Listed by Bosshardt Realty Services Llc
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Schools
Schools serving 398 S Marion Ave
School District:Columbia County School District
| Name | Grades | Distance |
|---|---|---|
Richardson Middle School 646 Southeast Pennsylvania Street, Lake City, FL 32025 | 6- | 0.6 mi |
Melrose Park Elementary School 820 Southeast Putnam Street, Lake City, FL 32025 | PK-5 | 0.7 mi |
Lake City Middle School 843 Southwest Arlington Boulevard, Lake City, FL 32025 | 7-8 | 1.1 mi |
Columbia High School, Lake City, FL 469 Se Fighting Tiger Dr, Lake City, FL 32025 | 9-12 | 2.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 398 S Marion Ave
Date
Details
Price
Change
Source
8/12/2026
Listed
$359,000
187.2%
MLS
9/15/2003
Sold
$125,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 398 S Marion Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,500
-7%
$162,613
2%
2024
$2,678
—
$158,949
2%
2024
$2,678
4%
$155,509
4%
2023
$2,566
13%
$148,897
10%
2021
$2,275
-3%
$135,622
-4%
2022
$2,335
3%
$140,982
-7%
2021
$2,275
-35%
$151,926
10%
2019
$3,493
8%
$138,722
10%
2018
$3,240
4%
$126,111
5%
2017
$3,123
2%
$119,730
1%
2016
$3,074
3%
$118,910
2%
2015
$2,972
2%
$116,916
1%
2014
$2,900
-1%
$115,265
1%
2013
$2,936
—
$113,614
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 398 S Marion Ave
398 S Marion Avenue, Lake City, FL 32025 (MLS# GC542575) is a Commercial property. 398 S Marion Avenue is currently listed for $359,000 and was received on August 12, 2026. Want to learn more about 398 S Marion Avenue? Do you have questions about finding other Commercial real estate for sale in Lake City? You can browse all Lake City real estate or contact a Coldwell Banker agent to request more information.

