For Sale
$799,900

1349 Us HwyLake Placid, FL 33852

7-Acre Medical Development Site

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 7-acre commercial land parcel in Lake Placid, Florida, presents a prime opportunity for medical development. Located at 1349 US Highway 27, the property boasts 1120+ feet of frontage on a major highway, with all utilities readily available. Its strategic location is adjacent to Bedrock Care at Southern Life ALF and across from AdventHealth Lake Placid Hospital, creating a synergistic environment for complementary medical uses such as cancer centers, dialysis facilities, psychological services, and hearing aid centers. The property's B-3 zoning permits a wide range of medical-related developments. Pre-existing infrastructure includes DOT curb cuts and a full median turn, simplifying development. With a land cost of only $14 per square foot, significantly below market value, this site has the potential to support up to 60,000+ square feet of medical buildings. The property's strategic location and infrastructure make it an ideal investment for long-term lease income, condo development, or build-to-sell strategies, maximizing returns through depreciation benefits. The APN is P-25-36-29-A00-0140-0000. Asking price is $799,900.

Highlights

  • 7-acre commercial land parcel in Lake Placid, Florida, ideal for medical development.
  • 1120+ feet of US Highway 27 frontage with readily available utilities.
  • Adjacent to Bedrock Care and across from AdventHealth Lake Placid Hospital.
  • B-3 zoning allows diverse medical uses; pre-existing infrastructure includes curb cuts and median turn.
  • $14/SF land cost; potential for 60,000+ SF of medical buildings; APN P-25-36-29-A00-0140-0000.
  • Asking price: $799,900.

Property Details for 1349 Us Hwy

Property type
Land
Lot Size (sq. ft)
304,920 SF

Location Insight

City
Lake Placid
County
Highlands
State
Florida
Latitude
27.324444082162
Longitude
-81.372805252222
1349 Us Hwy, Lake Placid, Florida

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1349 Us Hwy
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