
$1,850,000 USD
Commercial for Sale, 3603 Placid Lakes Boulevard, Lake Placid, Florida
- MLS#B26007766
Listed By Advantage Realty #1
The Commercial Property for Sale located at 3603 Placid Lakes Boulevard, Lake Placid, Florida is currently for sale. 3603 Placid Lakes Boulevard, Lake Placid, Florida is listed for $1,850,000.
Property features
Construction
- Year built: 1967
- Roofing: Shingle
Interior Features
- Floors: VinylCarpet
Heating and Cooling
- Heating System: Central (building)
- Cooling System: Central AC
Utilities
- Other utilities: PublicSewer Available Off SitePublic Sewer
Description
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!
Location
3603 Placid Lakes Boulevard, Lake Placid, Florida