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Property profile & analytics
FOR SALE
Retail space

708 Us Highway 27 S Lake Placid, FL 33852

Built 1979
Property ID
US18-Q026880
Property summary
AI-generated overview

Prime Retail(4650SF) / Storage Facility(30 Units) On US 27 & Wirick Rd Lake Placid @ Only $150 / Sq.Ft(Bld w/Lnd) for Fast Sale! Significantly below replacement value(up to 1/2 price). This commercial property consists of 4 structures, containing the addresses: 708 - 714 US 27 S, Lake Placid. The front building facing US 27 is a 4650 SF Retail Building with 4 store fronts. This building can be used as 1 space or divided into 4 individual spaces. There are 3 buildings at the back with access from Wirick Rd - which consists of 30 Mini Storage Units. There is also an upside potential of adding more storage units or adding RV/Boat storage at the back of the building. The storage units are secured with a 6-foot-high chain link fence and a locking gate. Currently all rents are below market. There are 21 parking spaces in the front with additional parking in the rear. Must sign a CA to receive any additional information. This is an ideal facility for a user/ business owner to occupy the space you need for your growing business while leasing the balance for additional income to go with your appreciation of increasing potential values. bikeScore: 44, Somewhat Bikeable walkScore: 60, Somewhat Walkable

Property profile
Verified
Property type Retail space
Year built 1979
UPID US18-Q026880
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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