Lake Placid, FL 33852,3603 Placid Lakes BLVD
Lake Placid, FL 33852,3603 Placid Lakes BLVD
Lake Placid, FL 33852,3603 Placid Lakes BLVD
Lake Placid, FL 33852,3603 Placid Lakes BLVD
Lake Placid, FL 33852,3603 Placid Lakes BLVD
Lake Placid, FL 33852,3603 Placid Lakes BLVD
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Listed by Mary C. Birge • ADVANTAGE REALTY #1
$ 1,850,000
Est. payment | /mo

134.09 Acres Lot


$ 1,850,000
Est. payment | /mo

134.09 Acres Lot

Key Details

Property Type Commercial

Sub Type Business

Listing Status Pending

Purchase Type For Sale

Subdivision Placid Lakes

MLS Listing ID 300855

Style One Story

Construction Status Resale

HOA Fees $25/ann

HOA Y/N Yes

Year Built 1967

Annual Tax Amount $12,046

Tax Year 2023

Lot Size 134.090 Acres

Acres 134.09

Property Sub-Type Business

Property Description

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!

Location

State FL

County Highlands

Interior

Interior Features Cathedral Ceiling(s)

Heating Central, Electric

Cooling Central Air, Electric

Flooring Linoleum

Fireplace No

Exterior

Exterior Feature Sprinkler/Irrigation, Patio, Shed, Workshop

Parking Features Paved, Parking Available

Water Access Desc Public

Porch Patio

Building

Entry Level One

Sewer Public Sewer

Water Public

Architectural Style One Story

Level or Stories One

Construction Status Resale

Others

Tax ID C-14-37-29-112-00D0-0000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/heartland/300855

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US Highway 27 S, Sebring, FL, 33876, USA

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3603 Placid Lakes BLVD