Retail Buildings on US
1130 US 27, Lake Placid, FL 33852
Retail buildings with highway frontage and convenient access.
Type:Commercial/Industrial
Property size:
5,000 SFLot size:
1.60 AcresPrice / SF:
$159/SF- Added:
- Jan 9, 2025
- Days on Market:
- 507
- Last Refresh:
- May 27 at 1:36 pm
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 agent Gregory S Karlson License #3229372 (863) 381-4932
Listing office Advantage Realty #1 (863) 381-4932
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
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.
- Convenient rear access to SW Vista Dr providing multiple access points.
- Previously used as a Boat Sale & Repair Facility, indicating suitability for similar businesses.
- Vacant space available for immediate occupancy, new business venture, expansion, or leasing.
Overview
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.
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
Industrial
$426.6K
$373.3K – $497.7K
NOI $29,862 @ 7.0% cap · market cap 3.73%
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.
Location Intelligence
Current Use by Public Records
Auto shops
Similar Places Nearby
- Next Day Fleet Solutions LLC — 337 brenhaven rd, lake placid, fl 33852
Location Insight
- Map
- Local Demand
- City
- Lake Placid
- County
- Highlands
- State
- Florida
- Longitude
- -81.4012
- Latitude
- 27.265
Nearby Similar for Sale
FAQs
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.
