$1,850,000
Pending3603 Placid Lakes Blvd, Lake Placid, FL 33852
3,000 sq ft
Listing courtesy of ADVANTAGE REALTY 1 · MLS# L4949447
486 days on market
Refreshed from the Stellar MLS feed . This listing’s MLS record last changed .
About this property
Former 18 Hole Golf Course with Restaurant, Golf Shop & Maintenance Facility all on 139+-Acres priced at Only $13,310 per acre for Fast Sale /Offering Tremendous Upside Potential! Open it all back up or explore many alternative potential uses. All Subject to Approvals of course. The restaurant with liquor license is leased. Past income of this business produced was 8% Cap Rate 2021 & 9% Cap Rate 2022. This course is the Only Golf Course in Lake Placid. Allocation of values: Restaurant, $400,000(4+-acres) then 134+-acres @ $10,486 per acre(w/valuable wells,pumps/barn), 3 residential lots($45k) Do Not Disturb restaurant tenant! Sale is confidential and buyer Must sign confidentiality agreement before showings & getting detail package of information!
Facts
- Property type
- Business
- Year built
- 1967
- Water access
- Pond
- Flood zone
- X
- Annual taxes
- $4,341/yr
- Listed
- Dec 16, 2024
- MLS #
- L4949447
Commercial details
Building & site
- Building size
- 3,000 SF
- Lot size
- 134 acres (5,840,960 SF)
- Zoning
- AU
- Road frontage
- City Street
- Buildings
- 1
Investor metrics
- Price per SF (MLS)
- $616.67/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 $1,850,000
- Price increased to $1,850,000from $1,750,000
Virtual tour
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3603 Placid Lakes Blvd, Lake Placid, FL 33852
Listing courtesy of ADVANTAGE REALTY 1 · MLS# L4949447 · Pending
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.
