16 Hibiscus StLake Placid, FL 33852

Property Details for 16 Hibiscus St

Lot size

0.15 AC

Property type

Mixed-use properties

Description

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.

Location Insight

City

Lake Placid

County

12055

State

Florida

Latitude

27.296

Longitude

-81.3658

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