702 S Main Avenue Lake Placid, FL 33852
COMMERCIAL - Lake Placid, FL
- Added:
- Apr 30, 2026
- Days on Market:
- 75
- Last Refresh:
- Jul 13 at 11:06 pm
Property Features for 702 S Main Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C2
- Standard status
- Active Under Contract
- APN
- P-06-37-30-120-0000-0010
- Size
- 2,744 SF
- Lot size
- 0.36 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- WESTERN PARK SUB PB 7-PG 72 LP LOTS 1 + 2
- Tax Annual Amount
- 3097
Utilities
- Sewer type
- Public Sewer
Building Details
- Year built
- 1972
Listing agent Benjamin Sommerville (863) 414-8045
Listing office ADVANTAGE REALTY #1 743 US 27 S, Sebring, FL (863) 386-0303
Listing date Apr 30, 2026
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.
Investment Insights
Based on property information with market context.
The property is located at 702 S Main Avenue in Lake Placid, on a large corner lot with strong visibility and accessibility in an area used for mechanic shop or retail/repair/fabrication-style operations. A 500+-SF carport at the front door provides covered access, and the site includes access to municipal water.
Zoned C2 (commercial), the property has previously been used for boat and vehicle service/repair and offers a functional layout with loading access, storage areas, and both office and restroom facilities. Prospective users should verify specific uses and requirements with the city/county.
Key Highlights
- 2,744+-SF 2‑story concrete block commercial warehouse built in 1972 with open/clear span interior and high 15+-ft ceilings
- Clear‑span layout with 3 roll‑up doors for easy access and maneuverability, plus 6 massive exterior poles for lift attachments
- Exterior includes a 500+-SF carport at the front door and is set on a large corner lot in city limits
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.2k | $15.00 |
| − Vacancy | −$4.3k | −$1.58 |
| EGI | $36.8k | $13.43 |
| − OpEx | −$11.1k | −$4.03 |
| NOI | $25.8k | $9.40 |
Alternative Uses
Property Analytics
Current Use by Public Records
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Similar Off Market Nearby
- T & M Self Storage — 701 Wirick St, Lake Placid, FL 33852
- Ranier Storage, Inc. — 29 Ranier Dr, Lake Placid, FL 33852
- Clarke Self Storage — 309 S Main Ave, Lake Placid, FL 33852
