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Medical Facility with Highway Exposure
For Lease
$99,204

346 E ROYAL PALM St, Lake Placid, FL 33852

Turn-key medical facility with prime highway exposure in Lake Placid.

Space SizeContact for details
Property Size6,248 SF
Lot Size0.91 Acres
Days on Market154

Property Features for 346 E ROYAL PALM St

General Information

Standard status Active
Size 6,248 SF
Lot size 0.91 Acres
Property subtype Commercial
Lease Term 12 months

Taxes and HOA fees

Annual Taxes $13,943

Building Details

Building Size 6,248 SF
Year Built 1996
Stories 1
Listing Agency: ADVANTAGE REALTY #1
Listed By: Gregory Karlson · License #B26060588
Source: Elliman
Added: Mar 10 Changed: Aug 8 Last Checked: Aug 8 at 2:22PM

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 is a 6,200 square foot medical facility, previously used for physical therapy, with exposure on US Highway 27. The location has had 20 years of site recognition. The average daily traffic count is 20,400. The property is priced to lease at $16 per square foot. The roof is approximately 6 years old, and the air conditioning unit is approximately 1 year old. The parking area has been resealed.

Key Highlights

  • Prime US 27 Hwy exposure with full median turn access.
  • Turn‑key, 6200+-SF medical facility (previously physical therapy).
  • High traffic count: 20,400 average daily.

Property Analytics

Current Use

Sandi M. Holmes, ... Physician

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.

Lease Details

NNN (Triple Net)
Lease Type

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
Rey
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Similar Off Market Nearby

  • James P. Waller, Jr., DVM 270 US Hwy 27, Lake Placid, FL 33852
  • Altvater Leah C DVM 270 US Hwy 27, Lake Placid, FL 33852
  • Waltman Jennifer H DVM 270 US Hwy 27, Lake Placid, FL 33852
  • Citrus Animal Clinic 270 US Hwy 27, Lake Placid, FL 33852

Frequently Asked Questions

What type of property is this?
Medical Office Space - Turn-key medical facility with prime highway exposure in Lake Placid.
Where is this medical office space located?
The property is located at 346 E ROYAL PALM St Lake Placid, FL.
What is the lease rate?
The lease rate is $99,204.
What are key features of this property?
This property features: Prime US 27 Hwy exposure with full median turn access.; Turn‑key, 6200+-SF medical facility (previously physical therapy).; High traffic count: 20,400 average daily.
More about this property
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