307 Pershing Ave Lake Placid, FL 33852
This exceptional 22,500 square foot lot presents a unique investment opportunity in the desirable Highlands Park Estates Section P of Lake Placid, Florida. Currently zoned for both commercial and residential use, this expansive property offers significant potential for future development. Priced affordably at $25,000, this double lot is situated near the picturesque Lake Istokpoga, providing a tranquil setting with excellent growth prospects. While currently lacking direct road access, its strategic location offers significant long-term value. To access the property, travel north on Washington Boulevard from County Road 621 for approximately 0.9 miles, then turn left onto Goldbud Street and proceed for about 400 feet. The lot is located to the right, on the proposed Pershing Avenue, at the coordinates 27.314057 latitude and -81.324212 longitude. This is a rare chance to acquire a substantial parcel of land in a growing Florida community, ideal for those with a vision for future development or a keen eye for long-term investment potential in a beautiful lakeside setting. The property's address is 307 Pershing Avenue, Lake Placid, FL 33852, within Highlands County. Don't miss this chance to secure this promising piece of Florida real estate.
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
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.