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Rehabilitation Center with Highway Exposure
For Lease
$16 SF/Yr

346 E Royal Palm St, Lake Placid, FL 33852

Finished medical facility with direct US 27 exposure, a median turn, and recently updated building systems.

Space Size6,200 SF
Days on Market9

Property Features for 346 E Royal Palm St

General Information

Standard status Active
Size 6,200 SF
Net Rentable 6,200 SF

Space & Availability

Available Space 6,200 SF
Contiguous Space 6,200 SF
Space Use Medical Office
Condition Turnkey

Lease Terms

Lease Rate $16 /USD/SF/YR
Monthly Rent $8,266
Rent per SF/Year $16

Additional Details

Highway Access Yes

Building Details

Year Built 1996
Listing Agency: ADVANTAGE REALTY 1
Listed By: Gregory Karlson · License #3229372
Source: Chenoregroup
Added: Sep 18 Last Checked: Sep 24 at 1:47PM

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.

Finished medical space is available for lease at 346 E Royal Palm St in Lake Placid, Florida. The facility was built in 1996 and previously operated as a physical therapy location, providing an established medical configuration for rehabilitation or related healthcare use. Building improvements include a roof that is 6 years new, an A/C system that is 1+-year new, and resealed parking areas.

The property fronts US 27 with a full median turn, providing direct highway access. Average daily traffic is reported at 20,400, the highest count in Lake Placid. Its address places the facility within the Lake Placid commercial market and supports convenient exposure for a medical-oriented operation.

Key Highlights

  • Finished medical facility previously used for physical therapy
  • US 27 highway exposure with a full median turn
  • Average daily traffic count of 20,400

Property Analytics

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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

Yes
Highway access
NNN (Triple Net)
Lease Type
$2.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

794
Businesses Nearby

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 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?
Rehabilitation center - Finished medical facility with direct US 27 exposure, a median turn, and recently updated building systems.
Where is this rehabilitation center located?
The property is located at 346 E Royal Palm St Lake Placid, FL.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: Finished medical facility previously used for physical therapy; US 27 highway exposure with a full median turn; Average daily traffic count of 20,400
More about this property
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