Single-Story Storefront
417 US 27 Highway S, Lake Placid, FL 33852
For Sale
$1,500,000
Commercial, Single Story, Lake Placid, FL
Property Size12,420 SF
Lot Size1.65 Acres
Price / SF$120.77
Days on Market236
Property Features for 417 US 27 Highway S
General Information
Property type
Property subtype
Zoning
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APN
Size
Lot size
Taxes and HOA fees
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Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Flooring type
Building materials
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Architectural style
Buildings
Listing Agency:
Paradise Real Estate International LLC
(863) 272-7540
Listed By:
Debbie McCullough
(863) 441-1319
Added: Mar 20
Changed: Oct 31
Last Checked: Nov 10 at 2:06AM
MLS# 324166
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This single-story storefront property occupies a 1.65-acre parcel and includes a 12,420-square-foot building constructed in 1965. The building features concrete block construction, a metal roof, and a mix of vinyl, terrazzo, and concrete flooring. Central air conditioning and electric heating and cooling serve the property, which is zoned C1 and connected to central water. Central sewer is nearby.
The site fronts US 27 with 300 feet of frontage and a DOT average daily traffic count of approximately 21,500 vehicles. Median access supports travel in both northbound and southbound directions. McDonald's, Wendy's, Taco Bell, Dunkin', Burger King, Wawa, Publix, O'Reilly's, Advance Auto Parts, and Dollar General are all within a half-mile, while the Amazon Distribution Center is two miles south.
The site fronts US 27 with 300 feet of frontage and a DOT average daily traffic count of approximately 21,500 vehicles. Median access supports travel in both northbound and southbound directions. McDonald's, Wendy's, Taco Bell, Dunkin', Burger King, Wawa, Publix, O'Reilly's, Advance Auto Parts, and Dollar General are all within a half-mile, while the Amazon Distribution Center is two miles south.
Key Highlights
- 1.65‑acre parcel with 300' of frontage along US 27
- 12,420 sq ft single‑story building constructed in 1965
- C1 zoning with central water; central sewer nearby
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$116,717
Cap Rate
7.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,334,340
$2.3M
Cap Rate 7%
$1,667,386
$1.7M
Cap Rate 9%
$1,296,856
$1.3M
Market Conditions
NOI Build-Up for 12,420 SF
Gross rent
$186.3K $15.00/SF
− Vacancy
−$19.6K −$1.58/SF
EGI
$166.7K $13.43/SF
− OpEx
−$50.0K −$4.03/SF
NOI
$116.7K $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%
$2,334,340
Cap Rate 7%
$1,667,386
Cap Rate 9%
$1,296,856
Alternative Uses
Best Use
Retail
$1.67M
$1.46M – $1.95M
NOI $116,717 @ 7.0% cap · market cap 7.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.58M
$2.26M – $3.01M
NOI $180,875 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
21,500 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
6k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
5,907 visits/mo
0.1 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
$205,800
Median Home Value
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Market
Average Price Trend$/SF for Storefront properties in Highlands County, FL
Properties on Market for Storefront properties in Highlands County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - C1-zoned commercial building with US 27 access, central water, and established retail improvements.
Where is this storefront property located?
The property is located at 417 US 27 Highway S Lake Placid, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 1.65‑acre parcel with 300' of frontage along US 27; 12,420 sq ft single‑story building constructed in 1965; C1 zoning with central water; central sewer nearby
