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Retail Buildings on US 27

1130 US 27 Lake Placid, FL 33852

1130 US 27, Lake Placid, FL, 33852

$799,900

For Sale

$799,900

Retail buildings with highway frontage and convenient access.

Property Size5,000 SF

Lot Size1.60 Acres

Price / SF$159.98

AddedJan 9, 2025

Days on Market552

Last RefreshJul 15 at 12:41 am

Property Features for 1130 US 27

General Information

Standard status: Active
Size: 5,000 SF
Lot size: 1.60 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1979

Listing office Advantage Realty #1

Listing date Jan 9, 2025

Source Exitrealty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Advantage Realty #1

Investment Insights

Based on property information with market context.

Located on US 27 in Lake Placid, Florida, this property offers approximately 5,000 square feet of retail space on 1.6 acres. The site features about 247 feet of highway frontage, suitable for display or inventory. Previously used as a boat sales and repair facility and tackle store, the buildings are now vacant and available for a new business, expansion, or lease opportunity. The property is situated on the north side of Lake Placid, near the Lake June area, at a median turn. Convenient access to SW Vista Drive provides multiple alternative highway access points. The location is positioned in the path of northward expansion of Lake Placid, making it a potentially advantageous business location.

Key Highlights

Prime location on US 27 with 247+- ft of highway frontage, ideal for high visibility.
1.6+- acre lot with 5000+- SF of retail building space suitable for various business operations.
Located in the path of northward expansion of Lake Placid, offering future growth potential.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $46,988 @ 7.0% cap · market cap 5.87%

Second Best

Industrial

$426.6K

$373.3K – $497.7K (±1% cap)

NOI $29,862 @ 7.0% cap · market cap 3.73%

Theoretical Best

Office A

$1.04M

$910.2K – $1.21M (±1% cap)

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

Auto shops

Suggested Use

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Similar Off Market Nearby

Next Day Fleet Solutions LLC — 337 brenhaven rd, lake placid, fl 33852

For sale
Auto shops
FL
Lake Placid
33852
1130 US 27

What type of property is this?

Auto shop - Retail buildings with highway frontage and convenient access.

Where is this auto shop located?

The property is located at 1130 US 27 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: Prime location on US 27 with **247+- ft of highway frontage, ideal for high visibility**.; **1.6+- acre lot with 5000+- SF of retail building space** suitable for various business operations.; Located in the path of northward expansion of Lake Placid, offering future growth potential.