1174 US 27, Lake Placid, FL 33852
Concrete block commercial building on a B3-zoned parcel near an Amazon distribution center.
- Added:
- Feb 3, 2025
- Days on Market:
- 496
- Last Refresh:
- Jun 14 at 1:39 am
Property Features for 1174 US 27
General Information
- Standard status
- Active
- Size
- 1,597 SF
- Lot size
- 0.88 Acres
- Property subtype
- General Commercial
Building Details
- Year Built
- 1967
Listing agent Susan Geitner License #3050844 (863) 273-0145
Listing office Advantage Realty #1 (863) 273-0145
Listing date Feb 3, 2025
Source Xome
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
- 0.88‑acre parcel with B3 zoning and frontage/access on US Highway
- Less than a quarter mile from the new Amazon distribution center
- 1,597 sq. ft. concrete block commercial building
- Year built: 1967
- Interior includes 3 guest facilities
Overview
The site is located less than a quarter mile from a new Amazon distribution center, placing it within the immediate area of expected growth tied to the facility.
The parcel is zoned B3, which provides flexibility for buyers evaluating retail, service, office, or other commercial uses permitted under the B3 zoning designation. This combination of a maintained concrete block structure and B3 zoning makes the property a practical option for business operators and investors seeking a foothold in a corridor benefiting from the nearby distribution hub.
Local Financial Insights For Office B
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 | $27.8k | $17.40 |
| − Vacancy | −$6.1k | −$3.83 |
| EGI | $21.7k | $13.57 |
| − OpEx | −$5.4k | −$3.39 |
| NOI | $16.3k | $10.18 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Kelley's Florist — 173 E Interlake Blvd, Lake Placid, FL 33852
- Ridge Florist Lake Placid — 201 E Interlake Blvd, Lake Placid, FL 33852
Location Insight
- Map
- Local Demand
- City
- Lake Placid
- County
- Highlands
- State
- Florida
- Longitude
- -81.4012
- Latitude
- 27.265
