225 Us Hwy Lake Placid, FL 33852
This exceptional 2,995 square foot medical office building is strategically located on US Highway 27 in Lake Placid, Florida. Boasting high visibility with an impressive average annual daily traffic (AADT) count of 21,500 vehicles, this property offers unparalleled exposure for your business. The single-story building, constructed in 1982 of concrete block construction (CBS), features a finished interior with tile flooring throughout. The property comprises five individual suites, perfect for multiple tenants or a single large practice. Ample paved parking is available for staff and clients. The building is zoned C-1, providing flexibility for a variety of commercial uses. This is a modified gross lease opportunity at a rate of $12 per square foot annually, plus sales tax and utilities. Additional square footage may be available; please inquire for details. This is an excellent investment opportunity in a high-traffic area with strong potential for growth. The property's prime location and functional design make it an ideal choice for medical professionals or other businesses seeking a prominent presence in Lake Placid.
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
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No recorded transactions found for this property.
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Risks
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