632 Buchanan St Lake Placid, FL 33852
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.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.