For Sale
$899,900

225 Us Hwy Lake Placid, FL 33852

8,500 SF Medical Office, High Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents an 8,494 square foot medical office building situated on a 0.46-acre lot at 225 US Highway 27 in Lake Placid, Florida (33852). The single-story, 1982-constructed building features three separate units, previously occupied by a family doctor and LabCorp, offering flexibility for owner-occupancy or continued leasing. Currently vacant, this property boasts a 9% pro forma cap rate, making it an attractive investment prospect. The building is zoned C1 and enjoys high visibility and traffic counts due to its prime location on US Highway 27, near a McDonald's. The asking price is $899,900. The property is easily accessible and offers excellent potential for a variety of medical or professional uses. Leasing options are available for the entire building or individual units at $15 per square foot, NNN. This turnkey property presents a rare opportunity to acquire a well-located, income-producing asset in a growing market. The building's layout is ideal for a variety of medical practices, potentially including an emergency care facility or other complementary services. The high traffic count and visibility on US 27 ensure strong tenant appeal and potential for future growth.

Highlights

  • 8,494 SF medical office building on a 0.46-acre lot in Lake Placid, FL.
  • Currently vacant, offering owner-occupancy or leasing potential.
  • 9% pro forma cap rate, asking price $899,900.
  • High visibility on US Highway 27, near McDonald's.
  • Leasing available for the entire building or individual units at $15/SF, NNN.

Property Details for 225 Us Hwy

Property type
Office properties, Medical offices
Year Built
1982
Buildings
1
Stories
1
Lot Size (sq. ft)
20,038 SF
Units
3

Location Insight

City
Lake Placid
County
Highlands
State
Florida
Latitude
27.294623
Longitude
-81.3576719

FAQs

What type of property is this?
Office property - 8,500 SF Medical Office, High Traffic Area
Where is the office property located?
The property is located at 225 Us Hwy Lake Placid, FL.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 8,494 SF medical office building on a 0.46-acre lot in Lake Placid, FL.; Currently vacant, offering owner-occupancy or leasing potential.; 9% pro forma cap rate, asking price $899,900.
How can I contact the broker?
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225 Us Hwy
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