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Active Commercial
$1,850,000 ↑ +$100,000 (5.7%)
3603 Placid Lakes Boulevard, Lake Placid FL 33852, Lake Placid, FL 33852
0 Beds
Bedrooms
0 Baths
Bathrooms
— sqft
Living Area
1967
Year Built

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!

Property Details

Property Type Commercial
Days on Market 86 days
HOA Fee None
Parking 35 spaces
Pool No
Waterfront No
Community
Pets Allowed

Location

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D
Dayron Crespo
Broker

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