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Property profile & analytics
OFF-MARKET
Land

632 Buchanan St Lake Placid, FL 33852

Property ID
Property summary
AI-generated overview

This 23,894 square foot commercial and residential lot is situated in the Highlands Park Estates section of Lake Placid, Florida, offering a prime location for development. Conveniently located near essential amenities, it's just a short 10-minute drive (4.7 miles) to a Publix supermarket and a 12-minute drive (5.8 miles) to Lake Placid High School. The property boasts a corner lot position at the intersection of Lindberg Avenue and the proposed Buchanan Street, currently accessible via Lindberg Avenue. While the lot is zoned for both commercial and residential use, its 0.55-acre size presents significant development potential. The address is 632 Buchanan Street, Lake Placid, FL 33852, within Highlands County. Its proximity to Lake Istokpoga adds to its appeal, offering recreational opportunities and enhancing its overall desirability. This versatile property presents a unique investment opportunity for those seeking a strategic location in a growing community. The lot's size and zoning provide flexibility for a variety of development projects, making it an attractive option for both commercial and residential ventures. Buyers should conduct their own due diligence regarding zoning and development regulations.

Property profile
Verified
Property type Land
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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