594 Us 27Placid Lakes, FL 33852

Property Details for 594 Us 27

Year built

2003

Construction

FRAME

Lot size

1.13 AC

Property size (Sq ft)

15,760 SF

Zone code

C1

Property type

Retail properties

Property subtype

Retail space

APN

P-31-36-30-170-0000-0020

APU

P31363017000000020

Description

This exceptional free-standing retail building, situated at 594 US 27 N in Lake Placid, Florida, presents a unique investment opportunity. Boasting a substantial 16,851 square feet of space, this single-tenant building is ideally positioned on a 1.12-acre lot, ensuring high visibility and accessibility for customers. Constructed in 2003, the property features a single story design and offers ample parking with 25 spaces available. The building's prime location on US Highway 27 guarantees significant foot traffic and exposure, making it an attractive proposition for a variety of retail businesses. Utilities, including power, are readily available. The property's APN is P31363017000000020, and it is located within Highlands County, Florida, zip code 33852. This well-maintained building provides a spacious and modern environment, perfect for a retailer seeking to establish or expand their presence in this thriving community. The property's size and location make it an ideal choice for businesses looking to capitalize on the high traffic volume of US Highway 27. This is a rare opportunity to acquire a significant retail space in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $6,770,962

  6.5%

  $6,250,119

  7%

  $5,803,682

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,141,734

  Geo Method

  $6,236,478

• Alternative Use

  Use

  Valuation

  Residential

  $5,272,210

  Hospitality

  $4,829,316

  Educational

  $4,017,934

  Medical

  $4,156,117

  Retail

  $6,250,119

Location Insight

City

Lake Placid

County

Highlands

State

Florida

Latitude

27.3038

Longitude

-81.3593

CBSA code

42700

CBSA name

SEBRING, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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