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Property profile & analytics
OFF-MARKET
Retail space

204 Interlake Blvd Lake Placid, FL 33852

5,500 SF
Individually Owned 3-yr Hold
Property ID
US18-2879575
Property summary
AI-generated overview

Exceptional opportunity to acquire a thriving 5,500 square foot storefront located at 204/206 E Interlake Blvd in the heart of downtown Lake Placid, Florida (zip code 33852). This property is currently operating as Fohlbrook's Thrift & Gift Market and benefits from a high volume of foot traffic due to its prime location. Lake Placid boasts a vibrant downtown area, hosting a weekly farmer's market, movie nights, and numerous town events that draw thousands of visitors. The annual Caladium Festival, attracting tens of thousands of attendees, further enhances the area's economic activity. The current owner is open to selling the business's goodwill and inventory along with the real estate. Included in the sale is a valuable 2COP beer and wine license and an annual food permit, presenting significant potential for diverse business ventures. This property offers a unique blend of established business operations and high growth potential in a desirable Florida location. The asking price for this exceptional retail space is $525,000.

Property profile
Verified
Property type Retail space
Total area 5,500 SF
UPID US18-2879575
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
George W Beatty JR · 3 yrs held
George W Beatty JR
since 2023
2 recorded transactions
2023
$250,000
2021
$184,900
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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