206 Interlake BlvdLake Placid, FL 33852

Property Details for 206 Interlake Blvd

Year built

1954

Construction

FRAME

Lot size

0.13 AC

Property size (Sq ft)

3,632 SF

Zone code

C2

Property type

Retail space

APN

P-31-36-30-020-0290-0080

APU

P31363002002900080

Description

Exceptional opportunity to acquire a well-established storefront in the heart of Lake Placid, Florida. This 4,422 square foot retail property, situated on a 5,500 square foot lot at 206 E Interlake Blvd, is zoned C2 and boasts a prime location in the downtown area. Built in 1954, this single-story building currently operates as Fohbrook's Thrift & Gift Market, offering the potential for continued operation under the current business model or redevelopment to suit a variety of uses. The property benefits from high foot traffic due to its central location and proximity to popular local events, including the annual Caladium Festival attracting tens of thousands of visitors, the weekly farmer's market, and regular movie nights. The current owner is willing to sell the business's goodwill and inventory along with the real estate. Included in the sale is a valuable 2COP beer and wine license and an annual food permit, providing immediate operational advantages for a food and beverage-related business. This is a rare opportunity to own a thriving retail space in a vibrant Florida community. The asking price is $525,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,560,415

  6.5%

  $1,440,383

  7%

  $1,337,498

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,876,318

  Geo Method

  $1,437,239

• Alternative Use

  Use

  Valuation

  Residential

  $1,215,017

  Hospitality

  $1,112,949

  Educational

  $925,960

  Medical

  $957,806

  Retail

  $1,440,383

Location Insight

City

Lake Placid

County

Highlands

State

Florida

Latitude

27.2969

Longitude

-81.3638

CBSA code

42700

CBSA name

SEBRING, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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