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    County Road 621 Lake Placid, FL 33852

    Sponsored
    For Sale
    $1,200,000

    7.44± Acres, Prime Location, High Growth

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 7.44-acre commercial waterfront property presents a unique development opportunity in the thriving Lake Placid, Florida market. Boasting flexible LP C-1 zoning, this land allows for a diverse range of commercial uses. Its strategic location offers unparalleled visibility, situated adjacent to a CVS and directly across from a bustling shopping center anchored by Save-A-Lot, Tractor Supply Co., and Dollar General. The property benefits from significant frontage on both County Road 621 (990 feet) and Saddlebags Lake (560 feet), ensuring high traffic exposure. Utilities including water, sewer, and electricity are readily accessible. This is the only sizable commercial waterfront development opportunity currently available in Lake Placid. Its proximity to major roadways, including US Highway 27 (0.1 miles), FL-70 (6.6 miles), US Highway 98 (10.4 miles), and other key transportation arteries, further enhances its appeal. The property's location also offers convenient access to Sebring (15.7 miles), Avon Park (25 miles), Okeechobee (37 miles), US Highway 17 (38 miles), Arcadia (38 miles), and LaBelle (40 miles). The parcel is identified by APN P-31-36-30-A00-0310-0000 and is offered at $1,200,000, representing a price per acre of $161,290. Don't miss this chance to capitalize on the growth potential of this prime commercial waterfront land.

    Property Features for 0 County Road 621

    General Information

    Property type
    Land
    Lot Size
    324,086 SF

    HighLights

    • 7.44‑acre commercial waterfront property in Lake Placid, FL.
    • LP C‑1 zoning allows diverse commercial uses.
    • High visibility location adjacent to CVS and across from a shopping center anchored by Save‑A‑Lot, Tractor Supply Co., and Dollar General.
    • 990 feet of frontage on County Road 621 and 560 feet of waterfront on Saddlebags Lake.
    • Utilities readily available.
    • $1,200,000 asking price ($161,290/acre).
    Property Profile Location Intelligence

    Current Use by Public Records

    Fancy Leaf Caladiums Plant Nursery Highlands Warehouse Self-Storage Facility Veterans of Foreign Wars Veterans Organization Modern Motorsports Auto ... Used Car Dealer J M Cabinets ... Cabinet Maker

    Map

    City
    Lake Placid
    County
    Highlands
    State
    Florida
    Longitude
    -81.33731
    Latitude
    27.303629

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    FAQs

    What type of property is this?
    Land - 7.44± Acres, Prime Location, High Growth
    Where is this land located?
    The property is located at County Road 621 Lake Placid, FL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 7.44-acre commercial waterfront property in Lake Placid, FL.; LP C-1 zoning allows diverse commercial uses.; High visibility location adjacent to CVS and across from a shopping center anchored by Save-A-Lot, Tractor Supply Co., and Dollar General.
    (239) 489-4066
    Request Owner's contact information
    County Road 621 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
    County Road 621 Lake Placid, FL 33852
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