3603 Placid Lakes Boulevard, Lake Placid, FL
- $1,750,000
- Business
- 134.09 Sq Ft
- B26007766
- 1967
- $1,750,000
Description
18 Hole Golf Course with Restaurant, Golf Shop & Maintenance Facility all on 139+-Acres priced at Only $12,589 per acre for Fast Sale /Offering Tremendous Upside Potential to develop 1/2 of the course into 201+-Homesites Plus 48 Unit Townhomes on 4 acres (on restaurant site). The restaurant with liquor license is leased. Past income of this business produced 8% Cap Rate 2021 & 9% Cap Rate 2022. This course is the Only Golf Course in Lake Placid. Allocation of values / Proforma Metrics: Restaurant, $400,000; 9-hole golf course @ $4,779 +/- per acre, $325,000; 67 acres with 201 homesites+48 Townhomes at $4,117 per homesite/unit, $1,025,000. Do Not Disturb restaurant tenant! Sale is confidential and buyer Must sign confidentiality agreement before showings & getting detail package.
Address
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Address: Placid Lakes
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City: Lake Placid
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State/county: Highlands
Details
Updated on March 30, 2026 at 6:13 pm-
Property ID B26007766
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Price $1,750,000
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Land Area 134.09 Sq Ft
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Bathroom 0
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Year Built 1967
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Property Type Business
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Property Status Commercial Sale
Additional details
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Building Area Total 3000
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Cooling CentralAir, CeilingFans
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Days On Market 0
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Documents Available Other
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Electric Other
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Flooring Carpet, Vinyl
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Heating Central
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Internet Automated Valuation Display YN 1
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ListAgentURL www.advantagehighlands.com
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Listing Terms Cash, Conventional
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Lot Size Area 5840960.4
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Mobile Dim Units Feet
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ParkingTotal 35
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Possession CloseOfEscrow
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Security Features Other
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Sewer PublicSewer
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ShowingContactPhone 863-381-4932
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SpecialListingConditions Standard
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Street Suffix Boulevard
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Tax Annual Amount 4009.78
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Tax Assessed Value 292106
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Utilities ElectricityConnected, SewerAvailable, WaterConnected
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Water Source Public
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Zoning AU
Features
Mortgage Calculator
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Down Payment
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Loan Amount
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Property Tax
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