1349 Us HwyLake Placid, FL 33852

Property Details for 1349 Us Hwy

Lot size

7.00 AC

Property type

Other commercial real estate

Property subtype

Other land

Description

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.

Location Insight

City

Lake Placid

County

Highlands

State

Florida

Latitude

27.3244

Longitude

-81.3728

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