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344 E Royal Palm Street, Lake Placid, FL 33852

Two medical buildings totaling 12,496 SF in Lake Placid.

Property Size12,496 SF
Days on Market633

Property Features for 344 E Royal Palm Street

General Information

Standard status Active
Size 12,496 SF
Property subtype Office
Zoning C1

Building Details

Year Built 1996
Listing Agency: Advantage Realty #1
Listed By: Greg Karlson · License #CQ1035802
Source: Crexi
Added: Nov 15, 2024 Changed: Aug 8 Last Checked: Aug 8 at 4:38AM

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.

Two finished medical buildings, each approximately 6,247 square feet, are available for purchase at a median turn corner location in Lake Placid, Florida. The total space is approximately 12,496 square feet. One building was previously occupied by Cora Physical Therapy. The other building is divided into three spaces: the front was previously used by RJB Physical Therapy, and the remaining rear space is occupied by the owner's partner as a Pediatric Physician, who will lease back the space at fair market value. Approximately 8,000 square feet is currently vacant. The seller will lease back the remaining 4,000 square feet. The sale is confidential, and potential buyers must sign a confidentiality agreement before requesting showings of the occupied space.

Key Highlights

  • Two medical buildings totaling 12,496 SF in Lake Placid, FL.
  • Opportunity to occupy 8,000 SF while generating income from seller leaseback of 4,000 SF.
  • Located on a full median turn corner.

Property Analytics

Current Use

Heartland Pediatrics-Lake Plcd: ... Pediatrician Dr. Maria Belina ... Pediatrician RJB Cardiac & Physical ... Physician Heartland Pediatrics of Lake ... Pediatrician

Suggested Use

Top Pick Electrical Service Butcher Grocery & Convenience Store (Bike/Boat/Book/etc) Store Restaurant Clothing & Fashion 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

794
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
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Two medical buildings totaling 12,496 SF in Lake Placid.
Where is this medical office space located?
The property is located at 344 E Royal Palm Street Lake Placid, FL.
What are key features of this property?
This property features: Two medical buildings totaling 12,496 SF in Lake Placid, FL.; Opportunity to occupy 8,000 SF while generating income from seller leaseback of 4,000 SF.; Located on a full median turn corner.
(863) 381-4932 Call to check price and availability
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