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Property profile & analytics

206 Interlake Blvd Lake Placid, FL 33852

  • Retail space
  • 3,632 SF
  • 0.13 lot acres
For Sale
Last Sale
Sep 18, 2023
$275,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US18-3905641
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Signature Floors Direct & Design Gallery / Interior Designer / Kitchen Remodeler
  • Floors Direct of Lake Placid / Carpet Store / Professional Services
  • Turpentine Mural / Tourist Attraction
  • Fohlbrook's Thrift & Gift Market LLC / Thrift Store

Property Details for 206 Interlake Blvd

Year built
1954
Construction
FRAME
Lot size
0.13 lot acres
Property size
3,632 SF
Zone code
C2
Property type
Retail space
APN
P-31-36-30-020-0290-0080
APU
P31363002002900080

Description

Exceptional opportunity to acquire a well-established storefront in the heart of Lake Placid, Florida. This 4,422 square foot retail property, situated on a 5,500 square foot lot at 206 E Interlake Blvd, is zoned C2 and boasts a prime location in the downtown area. Built in 1954, this single-story building currently operates as Fohbrook's Thrift & Gift Market, offering the potential for continued operation under the current business model or redevelopment to suit a variety of uses. The property benefits from high foot traffic due to its central location and proximity to popular local events, including the annual Caladium Festival attracting tens of thousands of visitors, the weekly farmer's market, and regular movie nights. The current owner is willing to sell 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, providing immediate operational advantages for a food and beverage-related business. This is a rare opportunity to own a thriving retail space in a vibrant Florida community. The asking price is $525,000.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $295,000
    ML approach
    $340,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $411,000
    Market price range: $330k - $777k
    AI Estimate
    $358,000
    Market price range: $289k - $755k
  • Alternative Use

    Use
    Estimation
    WAREHOUSE, STORAGE
    $485,000
    AUTO REPAIR, GARAGE
    $450,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Lake Placid
County
Highlands
State
Florida
Longitude
-81.3638
Latitude
27.2969
CBSA code
42700
CBSA name
SEBRING, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,979
$29,623
$212,834
$242,457
-
$29,623
$212,834
$242,457
More about this property
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