0 County Road 621 Lake Placid, FL 33852
This exceptional 7.44-acre commercial waterfront property presents a unique development opportunity in the thriving Lake Placid, Florida market. Boasting flexible LP C-1 zoning, this land allows for a diverse range of commercial uses. Its strategic location offers unparalleled visibility, situated adjacent to a CVS and directly across from a bustling shopping center anchored by Save-A-Lot, Tractor Supply Co., and Dollar General. The property benefits from significant frontage on both County Road 621 (990 feet) and Saddlebags Lake (560 feet), ensuring high traffic exposure. Utilities including water, sewer, and electricity are readily accessible. This is the only sizable commercial waterfront development opportunity currently available in Lake Placid. Its proximity to major roadways, including US Highway 27 (0.1 miles), FL-70 (6.6 miles), US Highway 98 (10.4 miles), and other key transportation arteries, further enhances its appeal. The property's location also offers convenient access to Sebring (15.7 miles), Avon Park (25 miles), Okeechobee (37 miles), US Highway 17 (38 miles), Arcadia (38 miles), and LaBelle (40 miles). The parcel is identified by APN P-31-36-30-A00-0310-0000 and is offered at $1,200,000, representing a price per acre of $161,290. Don't miss this chance to capitalize on the growth potential of this prime commercial waterfront land.
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Fancy Leaf Caladiums Garden Center Landscaping
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Highlands Warehouse Storage Facility
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Veterans of Foreign Wars Advocacy Group Social Service Agency
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Modern Motorsports Auto Sales Car Dealership
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J M Cabinets Inc General Contractor Renovation Specialist
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.