Multi-Building Medical Center

1-344 E Royal Palm St, Lake Placid, FL 33852

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For Sale

$2,400,000

Two finished medical buildings totaling about 12,496 SF, with space available for an owner-operator to occupy.

HighLights

Two finished medical buildings totaling 12,496± SF (6247± SF each).
Property sits at a full median turn corner in Lake Placid, FL.
Approximately 8,000± SF is vacant and can be shown.
Seller is leasing back about 4,000± SF of occupied space.
Current/previous uses include physical therapy and pediatric physician/owner‑occupied lease‑back space.

We can help!

Listing Contact

Gregory Karlson

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For Sale

$2,400,000

Two finished medical buildings totaling about 12,496 SF, with space available for an owner-operator to occupy.

Added:: Sep 20, 2024
Days on Market:: 631
Last Refresh:: Jun 11 at 3:54 am

Property Features for 1-344 E Royal Palm St

General Information

Standard status: Active

We can help!

Listing Contact

Gregory Karlson

Listing agent Gregory Karlson License #3229372

Listing office ADVANTAGE REALTY #1

Listing date Sep 20, 2024

Source Exprealty

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

Two finished medical buildings totaling 12,496± SF (6247± SF each).
Property sits at a full median turn corner in Lake Placid, FL.
Approximately 8,000± SF is vacant and can be shown.
Seller is leasing back about 4,000± SF of occupied space.
Current/previous uses include physical therapy and pediatric physician/owner‑occupied lease‑back space.

Overview

This offering includes 12,496+-SF of finished medical buildings, comprised of two structures at approximately 6,247 SF each. The buildings are currently configured for medical use, with one front building previously occupied by Cora Physical Therapy. The second building is divided into three spaces, with prior use including RJB Physical Therapy, and a rear remaining area that has been used by the owner’s partner as a Pediatric Physician. The seller is expected to lease back the remaining 4,000+-SF currently occupying, while about 8,000+-SF is available and is described as vacant.

The property is located at a full median turn corner in Lake Placid, Florida, which provides direct access from the street setting. The sale is being handled confidentially because the partner tenant does not wish to be disturbed. Prospective buyers are required to sign a confidentiality agreement prior to requesting showings of the occupied space.

For medical buyers and operators, this structure is designed around real-world clinical tenancy, with multiple divided spaces within the medical buildings and an owner-occupant portion expected to be available at closing. The remaining occupied portion is anticipated to continue under a seller leaseback arrangement at FMV, creating immediate continuity for the portions not available for near-term occupancy.

Location Intelligence

Current Use by Public Records

Medical centers

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Location Insight

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Local Demand

City: Lake Placid
County: Highlands
State: Florida
Longitude: -81.365907
Latitude: 27.295597

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For sale
Medical centers
FL
Lake Placid
33852
1-344 E Royal Palm St

What type of property is this?

Medical center - Two finished medical buildings totaling about 12,496 SF, with space available for an owner-operator to occupy.

Where is this medical center located?

The property is located at 1-344 E Royal Palm St Lake Placid, FL.

What is the asking price?

The asking price for this property is $2,400,000.

What are key features of this property?

This property features: Two finished medical buildings totaling 12,496± SF (6247± SF each).; Property sits at a full median turn corner in Lake Placid, FL.; Approximately 8,000± SF is vacant and can be shown.