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    1349 Us 27 N Lake Placid, FL 33852

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    For Sale
    $799,900

    7-acre commercial land near hospital and assisted living facility.

    Lot size:
    7.00 Acres

    Property Features for 1349 Us 27 N

    General Information

    Lot size
    7.00 Acres

    Source: ADVANTAGE REALTY 1 Agent Gregory Karlson

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

    Overview

    Medical Development Site on US-27

    This is a 7+-acre commercial land, a prime medical development site. It is located adjacent to Bedrock Care at Southern Life ALF and across from AdventHealth Lake Placid Hospital. The site features a full median turn and DOT curb cuts in place, with 1120+-Front Ft on US Hwy 27. All utilities are available to the adjacent ALF. The site has the potential to support up to 60,000+-SF of Medical Bld(s). Potential complementary uses to the ALF and Hospital include a Cancer Center, Dialysis center, Psychological services, and Hearing Aid services. Develop to lease out for long term income, condo units & sell to the tenants after all your depreciation has been taken for even higher returns.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Spa & Massage Hair Salon Building Supply Gym & Fitness Skin Care Clinic Bar & Pub HVAC Service Storage Facility Computer & Electronic Repair

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Placid
    County
    Highlands
    State
    Florida
    Longitude
    -81.3722066
    Latitude
    27.3249871

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    FAQs

    What type of property is this?
    Commercial land - 7-acre commercial land near hospital and assisted living facility.
    Where is this commercial land located?
    The property is located at 1349 Us 27 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: - Prime 7+-acre medical development site adjacent to Bedrock Care ALF and across from AdventHealth Lake Placid Hospital.; - Full median turn and DOT curb cuts in place with 1120+-front ft on US Hwy 27.; - All utilities available to the adjacent ALF for easy development.
    (863) 381-4932
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    1349 Us 27 N Lake Placid, FL 33852
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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
    1349 Us 27 N Lake Placid, FL 33852
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