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Medical Facility with Highway Exposure
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346 E Royal Palm Street, Lake Placid, FL 33852

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

Property Size6,200 SF
Days on Market739

Property Features for 346 E Royal Palm Street

General Information

Standard status Active
Size 6,200 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: Jul 31, 2024 Changed: Aug 8 Last Checked: Aug 8 at 11:43AM

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, located with prime exposure on US 27 Highway in Lake Placid, Florida. The average daily traffic count is 20,400. The property is being sold vacant due to the previous tenant, Cora Physical Therapy, moving out. The building is well-maintained, featuring a roof that is approximately 6 years old and an air conditioning system that is approximately 1 year old. The parking area has been resealed. This property offers an opportunity for immediate use as a physical therapy facility, benefiting from 20 years of site recognition.

Key Highlights

  • Prime US 27 Hwy exposure with high traffic count (20,400 average daily traffic).
  • Turn‑key 6200+-SF medical facility, previously used for physical therapy.
  • Established site recognition with 20 years of use as a physical therapy location.

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.

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 Street Lake Placid, FL.
What are key features of this property?
This property features: Prime US 27 Hwy exposure with high traffic count (20,400 average daily traffic).; Turn‑key 6200+-SF medical facility, previously used for physical therapy.; Established site recognition with 20 years of use as a physical therapy location.
(863) 381-4932 Call to check price and availability
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