For Sale
$325,000

16 Hibiscus StLake Placid, FL 33852

Prime Lake Placid location, high-return potential.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional mixed-use property, located at 16 E Hibiscus St in Lake Placid, Florida, presents a compelling investment opportunity. Priced at $325,000, this 0.15-acre lot features a duplex ideally situated within walking distance of downtown Lake Placid's vibrant atmosphere. The property boasts high-impact windows and recently installed air conditioning units, enhancing both energy efficiency and comfort. One unit has undergone a complete remodel, while the other is occupied by a month-to-month tenant, offering immediate income potential. Lake Placid's charming downtown area, reminiscent of classic American main streets, is home to a variety of shops and restaurants, creating a thriving community. The town also hosts a popular Farmers Market on Saturdays and the annual Caladium Festival, celebrating Lake Placid's title as the "Caladium Capital of the World." This property's strategic location offers easy access to both Florida coasts, within a two-hour drive of each. The square footage of the building is not currently available. This property is perfect for investors seeking a strong return in a desirable, small-town setting with a rich community spirit. The combination of a remodeled unit, a month-to-month tenant, and the property's prime location makes this a truly unique investment opportunity.

Highlights

  • $325,000 mixed-use property on a 0.15-acre lot in Lake Placid, FL.
  • Duplex located within walking distance of downtown Lake Placid.
  • Features high-impact windows and recently installed A/C units.
  • One unit completely remodeled; the other occupied by a month-to-month tenant.
  • Prime location offers easy access to both Florida coasts (within two hours).

Property Details for 16 Hibiscus St

Property type
Mixed-use properties
Lot Size (sq. ft)
6,534 SF

Location Insight

City
Lake Placid
County
12055
State
Florida
Latitude
27.2959908
Longitude
-81.3658351
16 Hibiscus St, Lake Placid, Florida

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16 Hibiscus St
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