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    2200 Us 27 Hwy S Lake Placid, FL 33852

    For Sale
    $399,000

    Lakefront property with highway frontage, ideal for business and living.

    Lot size:
    0.46 Acres

    Property Features for 2200 Us 27 Hwy S

    General Information

    Lot size
    0.46 Acres

    Building Details

    Year built
    1983

    Source: ADVANTAGE REALTY 1 Agent Gregory Karlson

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

    Overview

    Lakefront Highway Frontage Business Opportunity

    This property, zoned B3, features lakefront and highway frontage on approximately 9/10 of an acre. A highway crossover is located directly in front of the shared access point, providing convenient access from both directions. The property includes approximately 370 feet of US Hwy 27 frontage and approximately 325 feet of lakefront. The site previously housed the Heritage Restaurant Log Cabin, which has been converted and updated with a new kitchen and bathrooms. The property offers potential for a small business to utilize the highway frontage as a display area for sales and the lakefront for activities such as paddleboarding and jet-ski rentals. The log cabin has had some logs replaced but requires additional work. This location offers the opportunity to live, play, and work.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Map

    City
    Lake Placid
    County
    Highlands
    State
    Florida
    Longitude
    -81.4012
    Latitude
    27.265

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    FAQs

    What type of property is this?
    Storefront property - Lakefront property with highway frontage, ideal for business and living.
    Where is this storefront property located?
    The property is located at 2200 Us 27 Hwy S Lake Placid, FL.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: - Lakefront property with **325 ft of lake frontage**.; - Zoned B3 with 370 ft of US Hwy 27 frontage, suitable for a small business.; - Highway crossover directly in front of shared access point(s) for convenient access.
    (863) 381-4932
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2200 Us 27 Hwy S Lake Placid, FL 33852
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