Lake Placid, FL 33852,614 US 27 S
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Lake Placid, FL 33852,614 US 27 S
Lake Placid, FL 33852,614 US 27 S
Lake Placid, FL 33852,614 US 27 S
Lake Placid, FL 33852,614 US 27 S

$1,029,000

Est. payment /mo

$1,095,000

6.0%
Est.Price: ?

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614 US 27 S Lake Placid, FL 33852

7,840 SqFt

SOLD DATE : 07/22/2024

Key Details

Sold Price $1,029,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 7,840 sqft

Price per Sqft $131

MLS Listing ID L4945106

Sold Date 07/22/24

Construction Status Inspections

HOA Y/N No

Originating Board Stellar MLS

Year Built 1984

Annual Tax Amount $11,717

Lot Size 0.890 Acres

Acres 0.89

Property Description

Exceptional Commercial Opportunity! This 11,760+/- SF prime retail space is situated in the most lucrative business hub of Lake Placid. A Pro Forma Cap Rate of 7.5%, this currently vacant facility was previously utilized as a motor sports sales center, catering to renowned brands such as Honda, Yamaha, Polaris, and more. This property boasts a substantial 7,600+ SF showroom with generous 11ft ceilings, two private cubicle offices, and two public restrooms. Towards the rear of the premises, you'll find a spacious 3,354+/- SF workshop, complete with a service manager's office, break room, security room, and a private 10x16 manager's office. The convenience of 9x9 roll-up doors at both the front and back ensures effortless access for vehicles, deliveries, and more. Behind the building is approximately 10,000sf +/- gated and fenced paved yard for storage, big repairs and/or deliveries with direct access via Wirick Rd. This versatile space is not limited to motor sports; it's an ideal location for a golf cart store, distribution center, or automotive sales and service. Moreover, the property can be customized to suit various business needs, such as urgent care facilities, professional offices, and much more. Don't miss out on this incredible commercial opportunity in a highly sought-after business district! Owner financing available with 25% down.

Location

State FL

County Highlands

Zoning C1

Direction S

Interior

Cooling Central Air, Zoned

Exterior

Parking Features Parking Spaces - 19 to 30

Roof Type Built-Up

Building

Lot Description City Limits, Interior Lot

Foundation Slab

Lot Size Range 1/2 to less than 1

Structure Type Block,Concrete,Stucco

New Construction false

Construction Status Inspections

Others

Ownership Sole Proprietor

Acceptable Financing Cash, Conventional, Private Financing Available

Listing Terms Cash, Conventional, Private Financing Available

Special Listing Condition None

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Stellar MLS
Listed by ADVANTAGE REALTY 1
Bought with ADVANTAGE REALTY 1

Jason VanDam

Broker Associate | License ID: BK3037091

+1(407) 625-1836

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