3603 Placid Lakes Blvd, Lake Placid, FL 33852
139 Acres of Commercial Land Offered at $1,850,000 USD in Lake Placid, FL 33852
For Sale
Active
Asking Price $1,850,000
- Property Type
-
Land
Listing Contacts
- Property Info
Property Overview
Owner Fianancing 1/2 Dwn 7% int/2yr Bal. 18 Hole Golf Course with Restaruant, Golf Shop & Maintenance Facility with Equipment all on 139+-Acres priced at Only $13,309 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!
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!
Property Details
- Property Subtype
- Commercial
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!
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