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    108 Lake Francis Rd Lake Placid, FL 33852

    For Sale
    $149,500

    Prime 5-acre commercial lot near Lake Francis.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 5-acre commercial parcel is located at 108 Lake Francis Road, Lake Placid, Florida, 33852. Zoned for agricultural use, this property offers a unique blend of rural tranquility and convenient access to urban amenities. Situated just a short distance from downtown Lake Placid and a half-mile from the picturesque Lake Francis, it provides a serene setting while remaining close to essential services. City utilities are readily available at the property line, simplifying development and ensuring modern conveniences. The location offers easy access to major roadways, with US 27 and SR 66 providing convenient connections. For those seeking recreational opportunities, the renowned Sebring International Raceway is less than 10 minutes away, and the vibrant city of Sebring is approximately 15 miles distant. Priced at $149,500, this property presents a compelling investment opportunity for those seeking a versatile commercial land holding in a desirable Florida location. The property's size and zoning make it suitable for a variety of commercial ventures, offering significant potential for future growth and development. This is a rare chance to acquire a substantial parcel of land in a thriving community, combining the best of rural living with the convenience of nearby urban centers.

    Property Features for 108 Lake Francis Rd

    General Information

    Property type
    Land
    Lot Size
    217,800 SF

    HighLights

    • $149,500 asking price.
    • 5‑acre commercial land parcel in Lake Placid, FL.
    • Designated for agricultural use.
    • Located near Lake Francis and city utilities.
    • Close proximity to Sebring and Sebring International Raceway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Auto Repair Shop Pharmacy Accounting Firm Food Market Barber Shop Electrical Service Garden Center Veterinary Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Placid
    County
    Highlands
    State
    Florida
    Longitude
    -81.39591
    Latitude
    27.354336

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    FAQs

    What type of property is this?
    Land - Prime 5-acre commercial lot near Lake Francis.
    Where is this land located?
    The property is located at 108 Lake Francis Rd Lake Placid, FL.
    What is the asking price?
    The asking price for this property is $149,500.
    What are key features of this property?
    This property features: $149,500 asking price.; 5-acre commercial land parcel in Lake Placid, FL.; Designated for agricultural use.
    Request Owner's contact information
    108 Lake Francis Rd Lake Placid, FL 33852
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    Lake Placid, FL 33852
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    108 Lake Francis Rd Lake Placid, FL 33852
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