Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    95 Lake Ridge Dr Lake Placid, FL 33852

    For Sale
    $85,900

    1.41-Acre Commercial/Residential Lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 61,420 square foot lot presents a unique investment opportunity in Lake Placid, Florida. Located at 95 Lake Ridge Drive, this expansive property offers both commercial and residential potential. The oversized corner lot boasts significant frontage on US 27 (188 feet) and Lake Ridge Drive (350 feet), providing excellent visibility and accessibility. Its location within the desirable Lake-Ridge subdivision places it within walking distance of Lake Grassy, enhancing its appeal. The lot is bordered by a naturally preserved parcel, ensuring a peaceful setting. The existing paved roadway and ample space make it ideal for immediate development. Furthermore, this property offers the flexibility of subdivision, with the seller willing to divide the land into up to four buildable lots, catering to various development needs. Lake Placid itself is a charming town, centrally located in Florida, known for its numerous lakes, vibrant downtown area, and outdoor attractions. This property's prime location and versatile zoning make it an attractive proposition for both residential and commercial ventures. Don't miss this chance to acquire a substantial piece of land in a thriving Florida community. The asking price is $85,900. Zip code: 33852.

    Property Features for 95 Lake Ridge Dr

    General Information

    Property type
    Land

    HighLights

    • $85,900 asking price.
    • 1.41‑acre commercial and residential land parcel.
    • 61,420 square foot lot size.
    • Located at 95 Lake Ridge Drive, Lake Placid, FL 33852.
    • Potential for subdivision into four buildable lots.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel Department Store Food Market Storage Facility Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Placid
    County
    Highlands
    State
    Florida
    Longitude
    -81.343284
    Latitude
    27.259824

    Nearby Similar for Sale

    • $75,000
      0.06 Acres

      RV/Home Lot in Active Community

      RV or home lot with amenities in Lake Placid, Florida.
      16 Windward Dr, Lake Placid, FL 33852
      View Details
    • $300,000
      2,275 SF

      Updated Duplex Near Lake June

      Updated 4-bedroom, 4-bath duplex near Lake June.
      113/115 Glenn Ave, Lake Placid, FL 33852
      View Details
    • Contact for pricing

      Lake Placid Single Family Property

      Single family property for sale in Lake Placid, Florida.
      111 Marshall Ave, Lake Placid, FL 33852
      View Details
    • $875,000
      1.68 Acres

      Lake Placid Commercial Investment Opportunity

      Commercial building on 1.68 acres with high visibility.
      405 W Interlake Blvd, Lake Placid, FL 33852
      View Details
    • $3,250,000

      Highway Frontage Development Opportunity

      Prime highway frontage property with existing buildings and development potential.
      1346 Us 27, Lake Placid, FL 33852
      View Details
    • $399,000

      Lakefront Highway Frontage Business Opportunity

      Lakefront property with highway frontage, ideal for business and living.
      2200 Us 27 Hwy S, Lake Placid, FL 33852
      View Details

    FAQs

    What type of property is this?
    Land - 1.41-Acre Commercial/Residential Lot
    Where is this land located?
    The property is located at 95 Lake Ridge Dr Lake Placid, FL.
    What is the asking price?
    The asking price for this property is $85,900.
    What are key features of this property?
    This property features: $85,900 asking price.; 1.41-acre commercial and residential land parcel.; 61,420 square foot lot size.
    (321) 501-6951
    Request Owner's contact information
    95 Lake Ridge Dr Lake Placid, FL 33852
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    95 Lake Ridge Dr
    Lake Placid, FL 33852
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    95 Lake Ridge Dr Lake Placid, FL 33852
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.