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1506 US 27 S
Lake Placid, FL 33852
Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Successful Income Producing Restaurant with room for additional income.
  • Plenty of room for upgrades and Improvements.
  • High Traffic Area. Including: Prime Visability (350sqft) of frontage, close to downtown circle and Hospitals.
  • Property is located in Lake Placid FL, where there has been a major influx of new residents relocating from in and out of State.
  • Value add and growth from apartment rental, Truck parking/ Storage and Quanza.

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront
Building Size
11,500 SF
Building Class
C
Year Built
1950
Building Height
1 Story
Building FAR
0.16
Lot Size
1.70 AC
Zoning
B-3 - Restaurant/Bar
Parking
50 Spaces (4.35 Spaces per 1,000 SF Leased)
Frontage
572’ on Old State Route 8

ABOUT 1506 US 27 S , LAKE PLACID, FL 33852

Lucrative opportunity to acquire a prime placed Restaurant with Bonus 3/1 apartment, Quanza and 4 over night efficiencies/offices on US HWY 27 S Lake Placid in the Heart of Central Florida. This property is over 12,000 square feet combined, freestanding building with 350ft of HWY frontage, ample parking and Large Signage. It boasts a large dining area, plenty of storage, walk in cooler and Full Kitchen. Property also boasts another acre of land used for Truck rental parking and outside storage for extra income. The restaurant is a home town staple of the community and has been in business successfully for many years, with great add value to expand. The surrounding area includes hospitals, large private communities, schools, other successful dining franchises, including the newly built WaWa's fill station and is close proximity to the downtown area. This property is ideal for the live & work environment providing low overhead with minimal living expenses. Properties such as these are increasingly rare in today’s market and are proven to be desirable assets. With the Influx of new residents to the community, diverse dining and entertainment are in high demand. All Restaurant Financials and Revenue Information will be provided upon request and NDA.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
C-08-37-30-A00-0260-0000
Land Assessment
$137,214
Improvements Assessment
$281,220
Total Assessment
$418,434
  • Listing ID: 27003834

  • Date on Market: 10/30/2022

  • Last Updated:

  • Address: 1506 US 27 S, Lake Placid, FL 33852

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