3603 Placid Lakes Blvd, Lake Placid, Florida 33852
- $1,850,000
- $1,750,000
3603 Placid Lakes Blvd, Lake Placid, Florida 33852
- $1,850,000
- $1,750,000
Overview
- Business, Commercial Sale
- 3000 Sqft
Description
Former 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 of information!
Address
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Address: 3603 PLACID LAKES BOULEVARD
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City: Lake Placid
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State/county: FL
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Zip/Postal Code: 33852
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Country: US
Details
Updated on June 4, 2026 at 5:18 pm-
Property ID HZL4949447
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Price $1,850,000
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Property Size 3000 Sqft
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Land Area 134.09 Acres
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Year Built 1967
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Property Type Business, Commercial Sale
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Property Status Active
Additional details
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Listing Terms Cash, Owner Financing
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Cooling Central Air
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Heating Central
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Flooring Linoleum
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County Highlands
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Property Type Commercial Sale
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