SQUARE FEET3,000
MLS#B26007766
STATUSActive
PROPERTY TYPECommercial - Business
Property 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.
Property Features
Property Type: Commercial - Business
Cooling: Central Air, Ceiling Fan(s)
Heating: Central Building
Lot Size: 134.09 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $4,009
Year Built: 1967
Feature Descriptions
Days on Site: 5
Exterior: Concrete
Flooring: Carpet, Vinyl
Parcel#: C14372911200d00000
Sewer: Public Sewer
Utilities: Electricity Connected, Sewer Available, Water Connected
Utilities: Electricity Connected, Sewer Available, Water Connected
Water: Public
Listed By / Shown By
Listed By
Agency Name: Advantage Realty #1
Agency Phone: 863-386-0303
Shown By
Agency Title: RealtyMark
Agency Phone: 888-240-0600
3603 Placid Lakes Boulevard | MLS# B26007766
This commercial property located at 3603 Placid Lakes Boulevard, Lake Placid, FL 33862 is currently listed for sale with an asking price of $1,750,000. Search Lake Placid real estate on www.realtymarkllc.com today.