1582 Us Hwy Lake Placid, FL 33852
This exceptional 8.11-acre commercial land parcel boasts over 1,593 feet of prime frontage on US Highway 27 in Lake Placid, Florida. Located in Highlands County, this property is zoned B2, offering significant development potential. The asking price is $699,000, translating to a land value of $1.98 per square foot. The site benefits from the convenience of central water access along its frontage, with sewer lines readily available nearby. This strategic location places the property within close proximity to key amenities. The Adventist Hospital Lake Placid is approximately one mile south, and a Dollar General store is currently under construction directly adjacent to the north. This high-visibility location on a major highway offers unparalleled exposure for a wide range of commercial ventures. The property is owned by an LLC, providing a streamlined ownership structure. This presents a rare opportunity to acquire a substantial commercial land holding in a rapidly growing area of Florida. The property's size and highway frontage make it ideal for a variety of commercial developments, offering significant long-term investment potential. Serious inquiries are encouraged.
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
Similar Nearby for Sale
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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.