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    594 Us 27 Placid Lakes, FL 33852

    For Sale
    $3,000,000

    Prime Lake Placid Retail Space, High Traffic

    Property size:
    16,851 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity presents a 16,851-square-foot free-standing retail building situated on 1.12 acres in Lake Placid, Florida. Located on US Highway 27, a major north-south corridor in Central Florida, this single-story, 2003-built structure boasts excellent visibility and high traffic counts (approximately 18,700 cars per day). The property features ample parking with 25 spaces and is offered at $3,000,000, translating to $178.03 per square foot. The Net NNN lease structure provides a straightforward ownership model. This multi-tenant building is ideal for a variety of retail uses, benefiting from its strategic location and modern construction. The property's APN is P31363017000000020. This is a rare chance to acquire a well-positioned retail asset in a thriving Florida market. The property is located at 594 US 27 N, Lake Placid, FL 33852, in Highlands County.

    Property Features for 594 Us 27

    General Information

    Property type
    Individual retail properties
    Square Feet
    16,851 SF
    Lot Size
    48,787 SF

    Building Details

    Year Built
    2003
    Buildings
    1
    Stories
    1

    HighLights

    • 16,851 SF free‑standing building
    • Excellent U.S. Hwy 27 frontage
    • 18,700+ vehicles per day traffic count
    • High‑traffic US Hwy 27 location in Central Florida
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Freestanding property

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Building Supply Nail Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Placid Lakes
    County
    Highlands
    State
    Florida
    Longitude
    -81.3594563
    Latitude
    27.3037702

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    FAQs

    What type of property is this?
    Individual retail property - Prime Lake Placid Retail Space, High Traffic
    Where is this individual retail property located?
    The property is located at 594 Us 27 Placid Lakes, FL.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: 16,851 SF free-standing building; Excellent U.S. Hwy 27 frontage; 18,700+ vehicles per day traffic count
    (863) 648-1528
    Request Owner's contact information
    594 Us 27 Placid Lakes, FL 33852
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    Placid Lakes, 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
    594 Us 27 Placid Lakes, FL 33852
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