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Highway Frontage Development Opportunity
For Sale
$2,250,000

1346 US 27, Lake Placid, FL 33852

Prime highway frontage property with existing buildings and development potential.

Property SizeContact for details
Lot Size10.07 Acres
Days on Market256

Property Features for 1346 US 27

General Information

Standard status Active
Lot size 10.07 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $24,883

Building Details

Year Built 1989
Listing Agency: Advantage Realty #1
Listed By: Gregory Karlson · License #CQ1035802
Source: Elliman
Added: Nov 27, 2025 Changed: Aug 8 Last Checked: Aug 8 at 12:37PM

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

Investment Insights

Based on property information with market context.

This property features over 10 acres with US Highway 27 frontage. It includes three existing buildings totaling 7874 square feet, originally constructed as model homes for the adjacent gated community of Tomoka Heights. The buildings have been previously used as medical offices and are maintained in good condition. There are 40 paved parking spaces. The property has approximately 1/5 mile of highway frontage and is located opposite the expected Amazon Fulfillment Center. A dedicated highway crossover with deceleration lanes in both directions provides access. The existing R3 zoning permits a variety of uses, including medical and professional offices, single and multi-family housing, apartments, condos, hotels/motels, and assisted living/nursing care. An additional seven acres zoned B3 are available directly across the highway.

Key Highlights

  • Prime US Highway 27 frontage with 1/5 mile visibility.
  • High‑traffic location opposite the expected Amazon Fulfillment Center.
  • Existing R3 zoning permits diverse uses including medical, offices, housing, hotels and assisted living.

Property Analytics

Current Use

Medical Office 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.

Location Intelligence

Trade Area within ½ mile

549
Businesses Nearby
Well-served
Demand for This Use

Demographics for 33852, FL

21,635
Population
12,991
Households
1.7
Avg Household Size
55
Median Age
20%
College-Educated
85%
High-School Grad
293.4 sq mi
ZIP Area
74
Density / Sq Mi
$54,841
Median Household Income
$39,658
Median Earnings
$1,063
Median Rent
$205,800
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Prime highway frontage property with existing buildings and development potential.
Where is this medical office space located?
The property is located at 1346 US 27 Lake Placid, FL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Prime US Highway 27 frontage with 1/5 mile visibility.; High‑traffic location opposite the expected Amazon Fulfillment Center.; Existing R3 zoning permits diverse uses including medical, offices, housing, hotels and assisted living.
More about this property
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