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    108 Lake Francis Rd Lake Placid, FL 33852

    For Sale
    $149,500

    Prime 5-acre commercial lot near Lake Placid.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 5-acre commercial property is located at 108 Lake Francis Road, Lake Placid, Florida, 33852. Ideally situated just minutes from the charming downtown area of Lake Placid, this versatile land offers a unique blend of tranquil rural surroundings and convenient access to local amenities. The property presents an excellent opportunity for a variety of commercial ventures or development projects. Its strategic location provides easy access to major roadways, with US 27 and SR 66 nearby. Furthermore, its proximity to Sebring, approximately 15 miles away, offers additional advantages, including the Sebring International Raceway and Sebring Airport, both less than 10 minutes from the property. City utilities are conveniently located at the front of the property, simplifying infrastructure connections. This prime parcel of land is priced at $149,500 and presents a compelling investment opportunity in a desirable location. The property is classified as Special Purpose land, offering considerable flexibility for future development. The 5-acre lot size provides ample space for various commercial endeavors. This is a rare opportunity to acquire a significant commercial property in a growing area of Florida.

    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.
    • Located in Lake Placid, FL, at 108 Lake Francis Road, 33852.
    • Minutes from downtown Lake Placid.
    • City utilities available at the property line.
    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 Placid.
    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.; Located in Lake Placid, FL, at 108 Lake Francis Road, 33852.
    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
    108 Lake Francis Rd Lake Placid, FL 33852
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