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Prime Retail Space on US 27

594 US 27 N, Lake Placid, FL 33852

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For Sale

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18,000 SF free-standing building in Lake Placid, Florida.

Type:Retail

Property size:

16,851 SF

Price / SF:

$115/SF

HighLights

18,000 SF free‑standing building offering prime retail space.
Highly desirable location in Lake Placid, FL.
High visibility and foot traffic on U.S. Hwy 27.
Modern construction (built in 2003) and spacious accommodations.
Easy access to U.S. Hwy 27 for seamless connectivity.
Proximity to retail and dining options including Publix, Bealls, Domino's, Burger King, and Wawa.

We can help!

Listing Contact

Gary Ralston

Learn more

For Sale

Contact for pricing

18,000 SF free-standing building in Lake Placid, Florida.

Type:Retail

Property size:

16,851 SF

Price / SF:

$115/SF

Added:: Aug 21, 2024
Days on Market:: 663
Last Refresh:: May 12 at 9:33 pm

Property Features for 594 US 27 N

General Information

Standard status: Active
Size: 16,851 SF
Property subtype: Retail

Building Details

Year Built: 2003

We can help!

Listing Contact

Gary Ralston

Listing agent Gary Ralston License #FL 3232399

Listing office Saunders Real Estate

Listing date Aug 21, 2024

Source Crexi

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 Saunders Real Estate

HighLights

18,000 SF free‑standing building offering prime retail space.
Highly desirable location in Lake Placid, FL.
High visibility and foot traffic on U.S. Hwy 27.
Modern construction (built in 2003) and spacious accommodations.
Easy access to U.S. Hwy 27 for seamless connectivity.
Proximity to retail and dining options including Publix, Bealls, Domino's, Burger King, and Wawa.

Overview

This 18,000 SF free-standing building is located in Lake Placid, Florida, and offers prime retail space in a highly desirable location. The property's strategic positioning on U.S Hwy 27 ensures a high level of visibility and foot traffic, making it a sought-after asset for retailers looking to establish or expand their presence in the area. The location provides easy access to U.S Hwy 27, ensuring seamless connectivity and transportation routes. Nearby points of interest, such as Lake June-in-Winter Scrub State Park and Lake Placid Tower, provide serene natural spaces. The area also features an array of dining and retail options, which includes Publix, Bealls, Domino's, Burger King, and Wawa. With modern construction and spacious accommodations, this building is well-suited for a variety of retail uses.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$252.8k	$15.00
− Vacancy	−$26.5k	−$1.58
EGI	$226.2k	$13.43
− OpEx	−$67.9k	−$4.03
NOI	$158.4k	$9.40

16,851 SF · lease $15.00/SF/yr · vacancy 10.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$2.26M

$1.98M – $2.64M (±1% cap)

NOI $158,357 @ 7.0% cap · market cap 8.12%

Second Best

—

no second resolved use

Theoretical Best

Office A

$3.51M

$3.07M – $4.09M (±1% cap)

NOI $245,404 @ 7.0% cap · market cap 12.58%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Location Insight

Map
Local Demand

City: Lake Placid
County: Highlands
State: Florida
Longitude: -81.4012
Latitude: 27.265

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For sale
Retail space
FL
Lake Placid
33852
594 US 27 N

What type of property is this?

Retail space - 18,000 SF free-standing building in Lake Placid, Florida.

Where is this retail space located?

The property is located at 594 US 27 N Lake Placid, FL.

What is the asking price?

The asking price for this property is $1,950,000.

What are key features of this property?

This property features: 18,000 SF free‑standing building offering prime retail space.; Highly desirable location in Lake Placid, FL.; High visibility and foot traffic on U.S. Hwy 27.