3603 Placid Lakes Boulevard, Lake Placid, FL 33852
- $1,850,000
- 3,000
- SqFt
- List Price
- $1,850,000
- Status
- Active
- Days on Market
- 590
- Price Change
- ▲ $100,000 1778709422
- MLS#
- L4949447
- Property Style
- Business
- Year Built
- 1967
- Living Area
- 3,000
- Lot Size
- 5,840,960
- Acres
- 134.09
- Total Acreage
- 100 to less than 200
- Legal Subdivision Name
- Placid Lakes Sec 11 Rep
- MLS Area Major
- Lake Placid
Property 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!
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Additional Information
- Taxes Annual
- $4341
- Community Features
- No Deed Restriction
- Zoning
- AU
- Floor
- Linoleum
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Concrete
- Foundation
- Slab
- Pool
- No Pool
- Water Access
- Pond
- Flood Zone Code
- X
- Parcel ID
- C-14-37-29-112-00D0-0000
- Legal Description
- REV OF RESUB OF PORTION OF SEC 11 PLACID LAKES 8/77 TRACT D -GOLF COURSE- 134 ACRES
Listing courtesy of ADVANTAGE REALTY 1. 863-386-1111
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