$1,029,000
$1,095,000
6.0%For more information regarding the value of a property, please contact us for a free consultation.
614 US 27 S Lake Placid, FL 33852
7,840 SqFt
Key Details
Sold Price $1,029,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 7,840 sqft
Price per Sqft $131
MLS Listing ID L4945106
Sold Date 07/22/24
Construction Status Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1984
Annual Tax Amount $11,717
Lot Size 0.890 Acres
Acres 0.89
Property Description
Exceptional Commercial Opportunity! This 11,760+/- SF prime retail space is situated in the most lucrative business hub of Lake Placid. A Pro Forma Cap Rate of 7.5%, this currently vacant facility was previously utilized as a motor sports sales center, catering to renowned brands such as Honda, Yamaha, Polaris, and more. This property boasts a substantial 7,600+ SF showroom with generous 11ft ceilings, two private cubicle offices, and two public restrooms. Towards the rear of the premises, you'll find a spacious 3,354+/- SF workshop, complete with a service manager's office, break room, security room, and a private 10x16 manager's office. The convenience of 9x9 roll-up doors at both the front and back ensures effortless access for vehicles, deliveries, and more. Behind the building is approximately 10,000sf +/- gated and fenced paved yard for storage, big repairs and/or deliveries with direct access via Wirick Rd. This versatile space is not limited to motor sports; it's an ideal location for a golf cart store, distribution center, or automotive sales and service. Moreover, the property can be customized to suit various business needs, such as urgent care facilities, professional offices, and much more. Don't miss out on this incredible commercial opportunity in a highly sought-after business district! Owner financing available with 25% down.
Location
State FL
County Highlands
Zoning C1
Direction S
Interior
Cooling Central Air, Zoned
Exterior
Garage Parking Spaces - 19 to 30
Waterfront false
Roof Type Built-Up
Building
Lot Description City Limits, Interior Lot
Foundation Slab
Lot Size Range 1/2 to less than 1
Structure Type Block,Concrete,Stucco
New Construction false
Construction Status Inspections
Others
Ownership Sole Proprietor
Acceptable Financing Cash, Conventional, Private Financing Available
Listing Terms Cash, Conventional, Private Financing Available
Special Listing Condition None
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Bought with ADVANTAGE REALTY 1