3603 Placid Lakes Blvd - Commercial LAND FOR SALE


Lake Placid, FL 33852 5,840,960 SF
$1,850,000 USD
863-381-4932
3603 Placid Lakes Blvd, Lake Placid, FL for Sale
$1,850,000 USD
Commercial LAND - FOR SALE
1/26
5,840,960 SF

3603 Placid Lakes Blvd
Lake Placid, FL 33852


HIGHLIGHTS

  • Golf course In Resort Community of Lake Placid, FL with Upside Potential:9hole/201+-homesites+48+-apts!
  • Placid Lakes Country Club Golf Course:18 holes with Restaurant(lease) & Tennis Courts/Upside potential!
  • Prime Residential Investment/Development Upside Potential in Growing Rural Heartland Community/ThePlayground of Coastal Cities!

OVERVIEW

18 Hole Golf Course with Restaurant, Golf Shop & Maintenance Facility with Equipment all on 139+-Acres priced at Only $12,949 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 acre (on restaurant site) while retaining the balance of the course as 9 Hole Golf Course, add pickle ball courts & add a spa on the extra commercial lot for even more potential profit! 60 Golf Carts & equipment are included in sale & 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 @ $4,105 +/- per acre, $275,000; 67 acres with 201 homesites+48 Townhomes at $4,117 per homesite/unit, $1,025,000; golf cart and equipment, $150.000. Do Not Disturb restaurant tenant! Sale is confidential and buyer Must sign confidentiality agreement before showings & getting detail package of information! Directions: US 27 & Hammock Rd south to Lake Placid to Interlake Blvd to Catfish Cr Rd to Placid Lakes Blvd to Golf course on right. Spcl Rmrk: Do Not Disturb restaurant tenant! Sale is confidential and buyer must sign confidentiality agreement before showings & getting detail package of information!

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/ACRE

$13,797/AC

PRICE/SF

$0.32 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Placid Lakes Country Club Golf Course

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Apartment Units, Health Club, Hold for Development, Hold for Investment, Single Family Development

LAND ACRES

134.09 AC

LAND SF

5,840,960 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Cable, Telephone, Irrigation

ZONING

Ag/R-3

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Gregory KarlsonAdvantage Realty #1More Info
863-381-4932

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Gregory KarlsonAdvantage Realty #1More Info
863-381-4932

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.