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    632 Buchanan St Lake Placid, FL 33852

    For Sale
    $39,000

    0.55-acre buildable lot near Lake Istokpoga

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This 23,894 square foot commercial and residential lot is situated in the Highlands Park Estates section of Lake Placid, Florida, offering a prime location for development. Conveniently located near essential amenities, it's just a short 10-minute drive (4.7 miles) to a Publix supermarket and a 12-minute drive (5.8 miles) to Lake Placid High School. The property boasts a corner lot position at the intersection of Lindberg Avenue and the proposed Buchanan Street, currently accessible via Lindberg Avenue. While the lot is zoned for both commercial and residential use, its 0.55-acre size presents significant development potential. The address is 632 Buchanan Street, Lake Placid, FL 33852, within Highlands County. Its proximity to Lake Istokpoga adds to its appeal, offering recreational opportunities and enhancing its overall desirability. This versatile property presents a unique investment opportunity for those seeking a strategic location in a growing community. The lot's size and zoning provide flexibility for a variety of development projects, making it an attractive option for both commercial and residential ventures. Buyers should conduct their own due diligence regarding zoning and development regulations.

    Property Features for 632 Buchanan St

    General Information

    Property type
    Land

    HighLights

    • $39,000 asking price.
    • 0.55‑acre commercial and residential land parcel.
    • 23,894 square foot lot size.
    • Located in Highlands Park Estates, Lake Placid, FL.
    • Corner lot near Lake Istokpoga.
    • Conveniently located near Publix and Lake Placid High School.
    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
    -81.32124
    Latitude
    27.337664

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    FAQs

    What type of property is this?
    Land - 0.55-acre buildable lot near Lake Istokpoga
    Where is this land located?
    The property is located at 632 Buchanan St Lake Placid, FL.
    What is the asking price?
    The asking price for this property is $39,000.
    What are key features of this property?
    This property features: $39,000 asking price.; 0.55-acre commercial and residential land parcel.; 23,894 square foot lot size.
    Request Owner's contact information
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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
    632 Buchanan St Lake Placid, FL 33852
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