241 Main Ave Lake Placid, FL 33852-2607
This exceptional investment opportunity presents two commercial buildings situated in the heart of Downtown Lake Placid, Florida. The property consists of two parcels totaling 2,836 square feet on a combined 0.22-acre lot. Building 1, located at 241 N. Main Ave, offers 1,536 square feet of space, while Building 2, situated at 247 N. Main Ave, provides 1,300 square feet and includes a substantial parking lot. This rare offering presents a unique chance to acquire established commercial space in a thriving downtown area with limited retail availability. Lake Placid boasts a charming, historic main street filled with unique shops and restaurants, creating a vibrant atmosphere. The town's lively community is further enhanced by a weekly Farmers Market and the annual Caladium Festival, attracting both residents and tourists. This property's central location offers easy access to both Florida coasts, within a two-hour drive of each. The asking price for this combined property is $450,000, presenting a compelling investment opportunity in a desirable and growing Florida community. The property's potential for diverse retail uses makes it an attractive prospect for savvy investors seeking a foothold in a flourishing market. Don't miss this chance to own a piece of Lake Placid's vibrant downtown.
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Olguita's Attic (Bike/Boat/Book/etc) Store Clothing & Fashion Store
The purpose of the C-2 Limited Commercial District is to provide areas for development of uses of land for all legal retail product sales and services normally located in a central business area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C2 · Lake Placid, FLThe purpose of the C-2 Limited Commercial District is to provide areas for development of uses of land for all legal retail product sales and services normally located in a central business area.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.