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Retail Space on US Highway
For Lease
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490 US 27 N, Lake Placid, FL

Renovated retail space with highway visibility and ample parking.

Space SizeContact for details
Lot Size0.86 Acres
Days on Market1100

Property Features for 490 US 27 N

General Information

Standard status Active
Lot size 0.86 Acres
Property subtype LAND

Spaces For Lease

at 490 US 27 N Contact us

490 US 27 N - OP 2 $3,333/Mo

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Listing Agency: Crossman & Company - Corporate
Listed By: Michael Rautbord
Source: Moodyscre
Added: Aug 1, 2023 Changed: Jul 10 Last Checked: Jul 21 at 7:01AM

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 Crossman & Company - Corporate

Investment Insights

Based on property information with market context.

This retail space, established in 1980 and renovated in 1992 and 2019, offers a vanilla box build-out including a new glass storefront, ceiling, lighting, bathroom, and electrical box, ready for paint and carpet. The property benefits from a dedicated turn lane and visibility on US Highway 27, along with available pylon signage. The location experiences a combined traffic count of 27,800 vehicles per day. Parking is available at a ratio of 5.39 spaces per 1,000 square feet. The space is suitable for various businesses, including medical, insurance, pack and ship, cell phone, café, and hair salon.

Key Highlights

  • High visibility from US Highway 27 with dedicated turn lane.
  • Pylon signage available on US Highway 27.
  • High traffic count: 27,800 VPD.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant HVAC Service Pharmacy Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

787
Businesses Nearby
66k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 56% Shops & Services 44%
McDonald's Dining
23,647 visits/mo 0.4 miles
Wendy's Dining
11,728 visits/mo 0.3 miles
Dollar General Shops & Services
7,547 visits/mo 0.4 miles
MIDFLORIDA Credit Union Shops & Services
7,398 visits/mo 0.4 miles
MIDFLORIDA Credit Union Shops & Services
4,283 visits/mo 0.3 miles

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Renovated retail space with highway visibility and ample parking.
Where is this retail space located?
The property is located at 490 US 27 N Lake Placid, FL.
What is the lease rate?
The lease rate is $3,333 /Mo.
What are key features of this property?
This property features: High visibility from US Highway 27 with dedicated turn lane.; Pylon signage available on US Highway 27.; High traffic count: 27,800 VPD.
(561) 447-8529 Call to check price and availability
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