206 Interlake BlvdLake Placid, FL 33852
- Retail properties
- 3,632 SF
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 properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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