405 W Interlake Blvd 3,181 SF Office Building Lake Placid, FL 33852 $875,000 ($275.07/SF)

405 W Interlake Boulevard delivers an excellent investment and future development opportunity in the heart of Lake Placid, Florida.

Spanning approximately 3,100 square feet, the existing office building features robust concrete block (CBS) construction with a standing-seam metal roof and hurricane shutters. The wraparound porch has aluminum railings, recessed can lights, and is set up for two units, but is currently being used as one. There are two main entrances, each with double metal doors, leading into beautiful foyers with tray ceilings and recessed lighting. One side is set up for retail, with a large counter, cabinets, a slat board, and a large display area, while the other is a more professional setup, with a reception desk and waiting area. Ceilings are 10 feet tall, and the solid-wood doors stand 8 feet tall. Four ADA-compliant accessible bathrooms (two on each side) and two rear entrances (also metal doors) with keyless entry for employees make access effortless.

Interior spaces include conference rooms, offices, break rooms, media closets, and more, including a large attic storage area with pull-down stairs on each side. There are three electric meters, one for each side and a third for the outdoor lighting and irrigation. 405 W Interlake Boulevard has a 15-kilowatt Generac generator with a 500-gallon propane tank wired for automatic switching, three air conditioning units, a water meter, city water, septic, security system with hard-wired cameras, and much more.

For developers seeking expansion potential, the property spans 1.68 acres and offers ample room for on-site additional structures. The original site plan is available to view the intended development's initial concept. The site features an asphalt driveway, concrete parking areas, and Victorian globe lighting, which add to the ambiance of this property. Moreover, a large backlit sign serves as a visual anchor for business branding, offering a distinguished presence to the surrounding residences and commercial hubs.

Centrally located in Highlands County, Lake Placid is within two hours of many major cities, including Miami, Fort Lauderdale, Fort Myers, Tampa, Orlando, Sarasota, and West Palm Beach. Lake Placid is just south of Sebring, where the infamous 12 Hours of Sebring is held every March. This area is expanding as big-box companies move into the county every day including a new Amazon distribution center minutes away. Plus, the newly opened exclusive High Grove Golf Club is just a couple of miles away.

Hurry, this property won't last long. 405 W Interlake Boulevard presents the opportunity to expand business while exploring potential rent income and development options.