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3603 Placid Lakes Blvd
Lake Placid, FL 33852

$1,850,000 USD

Land For Sale • 134.09 AC

Property Details

Property Type Land
Lot Size 134.09 AC
Zoning Ag/R-3

10 Walk Score

Description

Former 18 Hole Golf Course with Restaurant, Golf Shop & Maintenance Facility all on 139+-Acres priced at Only $13,310 per acre for Fast Sale /Offering Tremendous Upside Potential! Open it all back up or explore many alternative potential uses. All Subject to Approvals of course. The restaurant with liquor license is leased.  Past income of this business produced was 8% Cap Rate 2021 & 9% Cap Rate 2022.  This course is the Only Golf Course in Lake Placid. Allocation of values: Restaurant, $400,000(4+-acres) then 134+-acres @ $10,486 per acre(w/valuable wells,pumps/barn), 3 residential lots($45k) Do Not Disturb restaurant tenant! Sale is confidential and buyer Must sign confidentiality agreement before showings & getting detail package of information!

                
                    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!

Property Flyers

Offering Memorandum -3603 Placid Lakes (2) (1)

Gregory Karlson 863-381-4932 Advantage Realty #1

3603 Placid Lakes Blvd Lake Placid, FL 33852

$1,850,000 USD

Property Details

Description

Highlights

Property Flyers

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3603 Placid Lakes Blvd
Lake Placid, FL 33852