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OFF-MARKET
Land

1582 Us Hwy Lake Placid, FL 33852

Property ID
Property summary
AI-generated overview

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.

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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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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