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    307 Pershing Ave Lake Placid, FL 33852

    For Sale
    Contact for pricing

    0.52-acre commercial/residential lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 22,500 square foot lot presents a unique investment opportunity in the desirable Highlands Park Estates Section P of Lake Placid, Florida. Currently zoned for both commercial and residential use, this expansive property offers significant potential for future development. Priced affordably at $25,000, this double lot is situated near the picturesque Lake Istokpoga, providing a tranquil setting with excellent growth prospects. While currently lacking direct road access, its strategic location offers significant long-term value. To access the property, travel north on Washington Boulevard from County Road 621 for approximately 0.9 miles, then turn left onto Goldbud Street and proceed for about 400 feet. The lot is located to the right, on the proposed Pershing Avenue, at the coordinates 27.314057 latitude and -81.324212 longitude. This is a rare chance to acquire a substantial parcel of land in a growing Florida community, ideal for those with a vision for future development or a keen eye for long-term investment potential in a beautiful lakeside setting. The property's address is 307 Pershing Avenue, Lake Placid, FL 33852, within Highlands County. Don't miss this chance to secure this promising piece of Florida real estate.

    Property Features for 307 Pershing Ave

    General Information

    Property type
    Land

    HighLights

    • 22,500 SF lot in desirable Highlands Park Estates Section P, Lake Placid, FL.
    • Commercial and residential zoning allows for flexible development.
    • $25,000 asking price.
    • Located near Lake Istokpoga.
    • Access via Washington Boulevard and Goldbud Street (coordinates: 27.314057, -81.324212).
    • Address: 307 Pershing Avenue, Lake Placid, FL 33852.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Wholesale Shop Auto Repair Shop Department Store Kitchen & Bath Storage Facility Grocery Store Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Placid
    County
    Highlands
    State
    Florida
    Longitude
    -81.324216
    Latitude
    27.314057

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    FAQs

    What type of property is this?
    Land - 0.52-acre commercial/residential lot.
    Where is this land located?
    The property is located at 307 Pershing Ave Lake Placid, FL.
    What is the asking price?
    The asking price for this property is $25,000.
    What are key features of this property?
    This property features: 22,500 SF lot in desirable Highlands Park Estates Section P, Lake Placid, FL.; Commercial and residential zoning allows for flexible development.; $25,000 asking price.
    Request Owner's contact information
    307 Pershing Ave 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
    307 Pershing Ave Lake Placid, FL 33852
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