Storefront Retail
For Sale
$199,900
60 Tower St, Lake Placid, FL 33852
Commercial Sale, Lake Placid, FL
Property Size1,000 SF
Lot Size0.04 Acres
Price / SF$199.90
Days on Market50
Property Features for 60 Tower St
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1
High school district
000000
Standard status
Active
APN
000000-000.000-0000-000.000
Size
1,000 SF
Lot size
0.04 Acres
Utilities
Heating system
Forced Air, Electric (Heating)
Water source
Public
Building Details
Year built
1995
Floors in Building
1
Building materials
Stucco
Roof type
Asphalt
Listing Agency:
The Pipal Group
(863) 304-3544
Listed By:
Christopher Duncan
(612) 404-8116
Added: Aug 25
Changed: Oct 3
Last Checked: Oct 13 at 8:06PM
MLS# 11950529
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This approximately 1,000-square-foot commercial building is configured as a storefront within a strip-mall setting. The floor plan can accommodate retail, office, professional service, boutique, and personal service uses. The property includes a bathroom and was built in 1995, with stucco construction, an asphalt roof, forced-air heating, and electric heat.
Positioned just off U.S. Highway 27 in Lake Placid, the property provides access from a commercial setting surrounded by established businesses and nearby residential areas. Public water serves the building, and the 0.04-acre site supports a compact commercial format suited to an owner-user or investor.
Positioned just off U.S. Highway 27 in Lake Placid, the property provides access from a commercial setting surrounded by established businesses and nearby residential areas. Public water serves the building, and the 0.04-acre site supports a compact commercial format suited to an owner-user or investor.
Key Highlights
- Approximately 1,000 square feet of commercial building area
- Strip‑mall storefront setting just off U.S. Highway 27
- 0.04‑acre site in Lake Placid
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,179
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$203,580
$203.6K
Cap Rate 7%
$145,414
$145.4K
Cap Rate 9%
$113,100
$113.1K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$17.4K $17.40/SF
− Vacancy
−$3.8K −$3.83/SF
EGI
$13.6K $13.57/SF
− OpEx
−$3.4K −$3.39/SF
NOI
$10.2K $10.18/SF
Area
Highlands County, FL
Vacancy
22.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$203,580
Cap Rate 7%
$145,414
Cap Rate 9%
$113,100
Alternative Uses
Best Use
Office B
$145.4K
$127.2K – $169.7K
NOI $10,179 @ 7.0% cap · market cap 5.09%
Second Best
Retail
$134.3K
$117.5K – $156.6K
NOI $9,398 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$208.0K
$182.0K – $242.7K
NOI $14,563 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
705
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Storefront property - Commercial suite in a strip-mall setting near U.S. Highway 27.
Where is this storefront property located?
The property is located at 60 Tower St Lake Placid, FL.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Approximately 1,000 square feet of commercial building area; Strip‑mall storefront setting just off U.S. Highway 27; 0.04‑acre site in Lake Placid
