241 Main Ave Lake Placid, FL 33852-2607
- Automotive properties
- 780 SF
- 0.06 lot acres
Current Use by Public Records
- Olguita's Attic / Fashion Accessories Store
Property Details for 241 Main Ave
- Year built
- 1977
- Construction
- STEEL FRAME
- Lot size
- 0.06 lot acres
- Property size
- 780 SF
- Zone code
- C2
- Property type
- Automotive properties
- APN
- P-36-36-29-130-0040-0190
- APU
- P36362913000400190
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $365,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $360,000
- 6.5%
- $380,000
- 7%
- $330,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $415,000
- Geo Method
- $355,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $290,000
- Retail
- $345,000
- Mixed-Use
- $360,000
- Hospitality
- $285,000
- Educational
- $275,000
- Residential Income
- $350,000
- Energy
- $345,000
- Income-Based Land
- $345,000
- Food Service
- $270,000
Location Insight
- Map
- Local Demand
- City
- Lake Placid
- County
- Highlands
- State
- Florida
- Longitude
- -81.367
- Latitude
- 27.3003
- CBSA code
- 42700
- CBSA name
- SEBRING, FL MICROPOLITAN STATISTICAL AREA