$399,000
Active2200 - 2204 US 27 Hwy S, Lake Placid, FL 33852
1,648 sq ft
Listing courtesy of ADVANTAGE REALTY 1 · MLS# L4951531
575 days on market
Refreshed from the Stellar MLS feed . This listing’s MLS record last changed .
About this property
*** UPDATE - PROPERTY IS NOW LEASED! 3 YEAR LEASE! *** Perfect opportunity - if current trends continue - to hold for capital appreciation while tenant maintains property and provides modest cash flow in the interim. Enormous upside potential. Lakefront with highway frontage Zoned B3. Highway crossover directly in front of shared access point(s) to property for convenient access from both directions. Approximately 9/10 acre. Previously Heritage Restaurant Log Cabin now converted with updated kitchen & bathrooms, potential for small business to utilize 370+-Ft US Hwy 27 frontage as display area for sales/325+-Ft of lakefront for Lakefront activities(paddleboarding, jet-ski rentals,etc. Come run your small business while you live in this cute nostalgic log cabin on the tranquil lake buck. Don't miss out on this unique opportunity to live, play and work in this special location! Building has been repaired and painted. Last dozen photos depict property currently, repaired, painted and occupied.
Facts
- Property type
- Mixed Use
- Year built
- 1983
- Waterfront
- Yes · 325 ft
- Water access
- Lake
- Water view
- Yes
- Flood zone
- X
- Annual taxes
- $2,645/yr
- Listed
- Mar 25, 2025
- MLS #
- L4951531
Commercial details
Building & site
- Building size
- 1,648 SF
- Lot size
- 0.46 acres (20,250 SF)
- Zoning
- B3
- Road frontage
- Divided Highway, Main Throrughfare, Turn Lanes
- Buildings
- 1
Investor metrics
- Price per SF (MLS)
- $242.11/SF
As reported by the listing broker in the MLS. Not verified by Lasbury-Tracy Realty — confirm with the listing broker before relying on them. We never estimate a cap rate.
Price & status history
- Listed for $595,000
- Price reduced to $399,000from $495,000
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2200 - 2204 US 27 Hwy S, Lake Placid, FL 33852
Listing courtesy of ADVANTAGE REALTY 1 · MLS# L4951531 · Active
Where this property is
Opens on aerial — on this coast the canal, the lot and the neighbours answer more questions than a street grid does.