Single-Story Retail
For Sale
$699,900
204 S Main Avenue, Lake Placid, FL 33852
Commercial, Single Story, Lake Placid, FL
Property Size3,750 SF
Lot Size0.25 Acres
Price / SF$186.64
Days on Market114
Property Features for 204 S Main Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Directions
Head South on US Highway 27, Turn right onto S Main Ave in Lake Placid, Property on the right.
Standard status
Active
APN
P-06-37-30-040-0040-0190
Size
3,750 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
2ND SUB HOFFMANS GROVE PB 1-PG 96 LOTS 19 THRU 23 BLK 4
Tax Annual Amount
6816
Legal Description
2ND SUB HOFFMANS GROVE PB 1-PG 96 LOTS 19 THRU 23 BLK 4
Utilities
Sewer type
Public Sewer
Building Details
Year built
1996
Floors in Building
1
Building materials
Concrete Block
Architectural style
Other
Listing Agency:
ADVANTAGE REALTY #1
(863) 386-0303
Listed By:
Gregory Karlson · License #3229372
(863) 381-4932
Added: Jun 22
Changed: Sep 15
Last Checked: Oct 13 at 7:06PM
MLS# 326159
Copyright © 2026 Heartland Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This single-story retail property at 204 S Main Avenue in Lake Placid contains 3,750 square feet within a 0.25-acre site. The concrete-block building was constructed in 1996 and is served by public sewer.
The existing layout supports office-service operations, with a customer mailbox center and pack-and-ship area near the entrance. Additional interior areas include administrative workspace, customer assistance space, computer-use and copy/fax services, retail merchandise, and office furniture. The property is offered with the established office supply and pack-and-ship businesses, providing a built-out setting for continued operation or an owner-user configuration.
The existing layout supports office-service operations, with a customer mailbox center and pack-and-ship area near the entrance. Additional interior areas include administrative workspace, customer assistance space, computer-use and copy/fax services, retail merchandise, and office furniture. The property is offered with the established office supply and pack-and-ship businesses, providing a built-out setting for continued operation or an owner-user configuration.
Key Highlights
- 3,750 SF single‑story retail building
- 0.25‑acre property in Lake Placid, FL
- C2 zoning designation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,241
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$704,820
$704.8K
Cap Rate 7%
$503,443
$503.4K
Cap Rate 9%
$391,567
$391.6K
Market Conditions
NOI Build-Up for 3,750 SF
Gross rent
$56.3K $15.00/SF
− Vacancy
−$5.9K −$1.58/SF
EGI
$50.3K $13.43/SF
− OpEx
−$15.1K −$4.03/SF
NOI
$35.2K $9.40/SF
Area
Highlands County, FL
Vacancy
10.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$704,820
Cap Rate 7%
$503,443
Cap Rate 9%
$391,567
Alternative Uses
Best Use
Retail
$503.4K
$440.5K – $587.4K
NOI $35,241 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$780.2K
$682.7K – $910.2K
NOI $54,612 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
775
Businesses Nearby
8k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
MIDFLORIDA Credit Union
Shops & Services
4,283 visits/mo
0.1 miles
O'Reilly Auto Parts
Shops & Services
4,086 visits/mo
0.5 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - C2-zoned building accommodates office-supply and pack-and-ship operations with customer-facing service areas.
Where is this retail space located?
The property is located at 204 S Main Avenue Lake Placid, FL.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 3,750 SF single‑story retail building; 0.25‑acre property in Lake Placid, FL; C2 zoning designation
