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    Us 27 & Heartland Blvd Lake Placid, FL 33852

    For Sale
    $8,500,000

    32 Acres, Mixed-Use Potential, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 32.43-acre development site presents a unique investment opportunity in the thriving Lake Placid, Florida market. Located at the highly visible intersection of US 27 and Heartland Boulevard in Highlands County, this property boasts prime commercial and agricultural zoning (AG/Multi-Family & Commercial C1), offering unparalleled flexibility for a diverse range of projects. The site is strategically positioned within the jurisdictional limits of Lake Placid, ensuring seamless access to municipal services. Preliminary plans suggest the potential for a substantial multi-family development, with zoning allowing up to twelve units per acre. This translates to significant potential density and substantial returns. All essential utilities—water, sewer, and electric—are readily available at the site, minimizing development hurdles and accelerating project timelines. The asking price for this remarkable parcel is $8,500,000. Given its size, location, and zoning, this property represents a rare chance to capitalize on the growth trajectory of Lake Placid and the surrounding area. The high visibility afforded by its location at a major intersection makes it ideal for a variety of commercial ventures, while the agricultural zoning adds another layer of development possibilities. Don't miss this exceptional opportunity to acquire a significant piece of land in a rapidly expanding Florida market. The zip code is 33852.

    Property Features for 0 Us 27 & Heartland Blvd

    General Information

    Property type
    Farms
    Lot Size
    1,412,651 SF

    HighLights

    • 32.43+ acre mixed‑use development site available in Lake Placid's Highland County corridor.
    • High‑visibility corner lot at a major intersection.
    • Potential for a multi‑family development (up to 12 units/acre).
    • Located at the Northwest corner of Heartland Boulevard.
    • Situated within Lake Placid city limits.
    • Water, sewer, and electric utilities on‑site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lake Placid
    County
    Highlands
    State
    Florida
    Longitude
    -81.3585098
    Latitude
    27.3047151

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    FAQs

    What type of property is this?
    Farm - 32 Acres, Mixed-Use Potential, High Visibility
    Where is this farm located?
    The property is located at Us 27 & Heartland Blvd Lake Placid, FL.
    What is the asking price?
    The asking price for this property is $8,500,000.
    What are key features of this property?
    This property features: 32.43+ acre mixed-use development site available in Lake Placid's Highland County corridor.; High-visibility corner lot at a major intersection.; Potential for a multi-family development (up to 12 units/acre).
    Request Owner's contact information
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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
    Us 27 & Heartland Blvd Lake Placid, FL 33852
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