Vacant Retail Building on US
1130 Us 27 Highway N Lake Placid, FL 33852
1130 Us 27 Highway N, Lake Placid, FL, 33852
$799,900
For Sale
Under Contract
$799,900
COMMERCIAL - Lake Placid, FL
Property Size5,000 SF
Lot Size1.60 Acres
Price / SF$159.98
Days on Market927
Property Features for 1130 Us 27 Highway N
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- B3
- Standard status
- Active Under Contract
- APN
- P-30-36-30-050-0030-0180
- Size
- 5,000 SF
- Lot size
- 1.60 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Description
- LAKE JUNE VISTA PB 5-PG 85 LOTS 18-19-20 BLK 3
- Tax Annual Amount
- 4143
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 1979
- Floors in Building
- 1
- Flooring type
- Concrete
- Building materials
- Concrete Block
- Architectural style
- Other
Listing Agency
ADVANTAGE REALTY #1
(863) 386-0303
743 US 27 S, Sebring, FL
Listed by
Gregory Karlson · License #3229372
(863) 381-4932
Added: Jan 2, 2024 Checked: Jul 17 at 11:06 am
MLS# 300714
Copyright © 2026 Heartland Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property includes approximately 5,000± square feet of retail buildings recently used as a boat sales and repair facility and tackle store. The site is currently being sold as vacant space, offering display/inventory areas for a new business, expansion, or a future lease-up scenario.
The buildings are located on US 27 Highway N in Lake Placid and benefit from roughly 247± feet of highway frontage for exposure to passing traffic. Rear convenient access is provided via SW Vista Dr, allowing alternative routes to the property.
Zoned B3, the property sits on about 1.6± acres and is positioned to support retail-oriented operations requiring both frontage visibility and convenient back access.
The buildings are located on US 27 Highway N in Lake Placid and benefit from roughly 247± feet of highway frontage for exposure to passing traffic. Rear convenient access is provided via SW Vista Dr, allowing alternative routes to the property.
Zoned B3, the property sits on about 1.6± acres and is positioned to support retail-oriented operations requiring both frontage visibility and convenient back access.
Key Highlights
- Approx. 5,000 SF retail building previously used as a boat sale & repair facility and tackle store
- 1.6± acres with 247± ft of highway frontage on US 27 in Lake Placid
- Vacant space available for a new business, expansion, or lease
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.0k | $15.00 |
| − Vacancy | −$7.9k | −$1.58 |
| EGI | $67.1k | $13.43 |
| − OpEx | −$20.1k | −$4.03 |
| NOI | $47.0k | $9.40 |
5,000 SF · lease $15.00/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$671.3K
$587.4K – $783.1K
NOI $46,988 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$910.2K – $1.21M
NOI $72,816 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Vacant 5,000± SF retail buildings with highway frontage and rear access via SW Vista Dr in B3 zoning.
Where is this storefront property located?
The property is located at 1130 Us 27 Highway N Lake Placid, FL.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Approx. 5,000 SF retail building previously used as a boat sale & repair facility and tackle store; 1.6± acres with 247± ft of highway frontage on US 27 in Lake Placid; Vacant space available for a new business, expansion, or lease
