225 Us Hwy Lake Placid, FL 33852
- Office Properties & Spaces
- 0.46 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 225 Us Hwy
- Year built
- 1982
- Lot size
- 0.46 lot acres
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This exceptional investment opportunity presents an 8,494 square foot medical office building situated on a 0.46-acre lot at 225 US Highway 27 in Lake Placid, Florida (33852). The single-story, 1982-constructed building features three separate units, previously occupied by a family doctor and LabCorp, offering flexibility for owner-occupancy or continued leasing. Currently vacant, this property boasts a 9% pro forma cap rate, making it an attractive investment prospect. The building is zoned C1 and enjoys high visibility and traffic counts due to its prime location on US Highway 27, near a McDonald's. The asking price is $899,900. The property is easily accessible and offers excellent potential for a variety of medical or professional uses. Leasing options are available for the entire building or individual units at $15 per square foot, NNN. This turnkey property presents a rare opportunity to acquire a well-located, income-producing asset in a growing market. The building's layout is ideal for a variety of medical practices, potentially including an emergency care facility or other complementary services. The high traffic count and visibility on US 27 ensure strong tenant appeal and potential for future growth.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lake Placid
- County
- Highlands
- State
- Florida
- Longitude
- -81.3577
- Latitude
- 27.2946
