346 Royal Palm St Lake Placid, FL 33852

Property Details for 346 Royal Palm St

Year built

1996

Construction

CONCRETE BLOCKS

Lot size

0.91 lot acres

Property size

6,248 SF

Zone code

C1

Property type

Medical offices

Property subtype

Medical centers

APN

P-06-37-30-091-0030-00C0

APU

P063730091003000C0

Description

This exceptional 6,200+ square foot medical office building is ideally situated at 346 E Royal Palm Street in Lake Placid, Florida, 33852. Boasting prime visibility on US Highway 27, this property benefits from a full median turn and exceptionally high daily traffic counts – the highest in Lake Placid, averaging 20,400 vehicles. Previously occupied by a physical therapy practice for over 20 years, the building offers established site recognition and is ready for immediate occupancy. The property is being sold vacant, presenting a unique opportunity for a new owner to establish their own practice or adapt the space to suit other medical or professional uses. The building is well-maintained and features a recently replaced roof (less than 6 years old) and a newly updated air conditioning system (less than 1 year old). The parking lot has also been recently resealed. Priced competitively at $1,200,000 ($194 per square foot), this represents a significant value compared to replacement cost. This turnkey property offers a rare chance to acquire a high-visibility, well-maintained commercial building in a thriving location. Don't miss this opportunity to own a piece of Lake Placid's commercial landscape. The building was constructed in 1996 and sits on a lot with no recorded square footage.

Location Insight

City

Lake Placid

County

Highlands

State

Florida

Longitude

-81.3591

Latitude

27.295

CBSA code

42700

CBSA name

SEBRING, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments