7 Lykes RdLake Placid, FL 33852

Property Details for 7 Lykes Rd

Year built

1984

Construction

FRAME

Lot size

4.00 AC

Property size (Sq ft)

2,272 SF

Zone code

AU

Property type

Office properties

Property subtype

Office buildings

APN

C-01-36-29-010-0020-0000

APU

C01362901000200000

Description

This exceptional 16,989-square-foot commercial property, situated on an 87,120-square-foot lot, presents a unique opportunity for businesses seeking a versatile space in South Central Florida. Built in 1984, this single-story building offers a blend of office and warehouse space, ideal for e-commerce, distribution, or other industrial uses. The layout is thoughtfully designed to accommodate various operational needs, featuring 24 private offices, two large conference rooms, and two expansive bullpens perfect for shipping and accounting departments. A well-appointed kitchen and lounge area, along with upgraded restrooms, enhance employee comfort. The building's design allows for easy division into three separate sections, providing flexibility for multi-tenant occupancy or internal departmental separation. Ample space for semi-trailers is available on the property, adding significant logistical advantages. Its strategic location offers convenient access to major transportation routes, placing it within two hours of Tampa and Miami, and 1.5 hours from Orlando, West Palm Beach, and Fort Myers. Weekday showings are preferred, with weekend showings requiring advance notice. Detailed floor plans are available for review. This property boasts a prime location and is ready for immediate occupancy. The vacant space totals 16,780 square feet. One parking space is available.

• CAP approach

  CAP return

  Valuation

  6%

  $664,026

  6.5%

  $612,947

  7%

  $569,165

• Comparable approach

  Method

  Valuation

  Relative Method

  $465,767

  Geo Method

  $356,772

• Alternative Use

  Use

  Valuation

  Residential

  $760,055

  Hospitality

  $696,206

  Educational

  $579,235

  Medical

  $599,156

  Retail

  $901,032

Location Insight

City

Lake Placid

County

Highlands

State

Florida

Latitude

27.3661

Longitude

-81.3932

CBSA code

42700

CBSA name

SEBRING, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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