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    790 Us Highway 27 Lake Placid, FL 33852

    Sponsored
    For Sale
    $450,000

    1.37 Acres, Hwy 27 Frontage, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 1.37-acre commercial land parcel presents a prime development opportunity in Lake Placid, Florida. Strategically located on US Highway 27, boasting approximately 150 feet of frontage, this property benefits from a high daily traffic count of 21,500 vehicles (AADT). The C-1 zoning allows for a diverse range of commercial uses, making it ideal for various business ventures. Utilities are stubbed to the site, simplifying development. The property's location adjacent to a thriving Advance Auto Store further underscores its potential within this high-energy retail corridor. The asking price is $450,000, translating to $346,154 per acre. The property's APN is P-06-37-30-A00-0030-0000. This is a rare chance to acquire a highly visible and accessible commercial site in a growing area of Central South Florida. The property's address is 790 US Hwy 27, Lake Placid, FL 33852. This location offers excellent visibility and accessibility for businesses seeking a prominent presence along a major thoroughfare. The high traffic volume ensures significant exposure to potential customers. The existing infrastructure, including stubbed utilities, reduces development costs and timelines. This is a turnkey opportunity for investors and developers seeking a high-return investment in a desirable location.

    Property Features for 790 Us Highway 27

    General Information

    Property type
    Land
    Lot Size
    59,677 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Building Supply Pharmacy Wholesale Shop Department Store HVAC Service Discount Store Convenience Store Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Placid
    County
    Highlands
    State
    Florida
    Longitude
    -81.358173819471
    Latitude
    27.289578067709

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    FAQs

    What type of property is this?
    Land - 1.37 Acres, Hwy 27 Frontage, High Traffic
    Where is this land located?
    The property is located at 790 Us Highway 27 Lake Placid, FL.
    What is the asking price?
    The asking price for this property is $450,000.
    Request Owner's contact information
    790 Us Highway 27 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
    790 Us Highway 27 Lake Placid, FL 33852
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