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Property profile & analytics
OFF-MARKET
Specialty properties

108 Lake Francis Rd Lake Placid, FL 33852

5 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 5-acre commercial property is located at 108 Lake Francis Road, Lake Placid, Florida, 33852. Ideally situated just minutes from the charming downtown area of Lake Placid, this versatile land offers a unique blend of tranquil rural surroundings and convenient access to local amenities. The property presents an excellent opportunity for a variety of commercial ventures or development projects. Its strategic location provides easy access to major roadways, with US 27 and SR 66 nearby. Furthermore, its proximity to Sebring, approximately 15 miles away, offers additional advantages, including the Sebring International Raceway and Sebring Airport, both less than 10 minutes from the property. City utilities are conveniently located at the front of the property, simplifying infrastructure connections. This prime parcel of land is priced at $149,500 and presents a compelling investment opportunity in a desirable location. The property is classified as Special Purpose land, offering considerable flexibility for future development. The 5-acre lot size provides ample space for various commercial endeavors. This is a rare opportunity to acquire a significant commercial property in a growing area of Florida.

Property profile
Verified
Property type Specialty properties
Lot 5 ac (217,800 SF)
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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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